Markets Advance On Corporate Earnings


Upbeat results from retailers lifted the markets during the midday with the Dow rising 29 points to 16,227. Nasdaq gained 16 points to 4308. 

On the upside 

Shares of Zulily (Nasdaq: ZU) continued rising.

Workday (NYSE: WDAY) reported a narrower than expected loss for the fourth quarter as revenue surged.

GrafTech International (NYSE: GTI) fell to a loss for the fourth quarter but the company forecast 2014 revenue above analyst expectations.

On the downside

Walter Investment Management (NYSE: WAC) swung to a profit for the fourth quarter but the results fell far short of analyst expectations. 

Nutrisystem (Nasdaq: NTRI) swung to a fourth quarter profit but the weight management company forecast current quarter and full year results that fell short of expectations.

Campus Crest Communities (NYSE: CCG) fell to a loss for the fourth quarter prompting a downgrade.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 5 to 4 on Nasdaq. The broader S&P 500 added 3 points to 1848. Bitcoin eased $12.25 or 2.10% to $570.55.

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This page contains a single entry by published on February 27, 2014 9:47 AM.

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