Higher Close As Investors Snap Up Deals


Bargain hunters lifted the markets to a higher close with the Dow climbing 72 points to 15,445. Nasdaq gained 34 points to 4031. 

On the upside 

Fourth quarter earnings doubled for Lionbridge Technologies (Nasdaq: LIOX) as revenue climbed.

Integrated Device Technology (Nasdaq: IDTI) reversed year ago losses to post a better than expected profit for the third quarter.

Headwaters (NYSE: HW) narrowed first quarter losses more than expected as revenue rose prompting the company to lift its full year earnings outlook.

On the downside

Peregrine Semiconductor (Nasdaq: PSMI) fell to a greater than expected loss for the fourth quarter and forecast current quarter revenue below estimates prompting downgrades. 

Dun & Bradstreet (NYSE: DNB) disappointed with lower fourth quarter earnings that fell short of analyst expectations.

Nu Skin Enterprises (NYSE: NUS) reported preliminary fourth quarter earnings above expectations but the stock price tumbled.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 gained 13 points to 1755. Bitcoin slipped $14.66 or 1.59% to $922.00.

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This page contains a single entry by published on February 4, 2014 2:15 PM.

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