On the upside
Velti (Nasdaq: VELT) narrowed second quarter losses as revenue surged and raised its full year outlook.
Fourth quarter earnings and revenue rose for Estee Lauder (NYSE: EL) to top analyst estimates.
On the downside
Groupon (Nasdaq: GRPN) reversed year ago losses to post a profit for the second quarter but revenue fell short of expectations prompting downgrades. Shares of Nokia (NYSE: NOK) continued falling after losing its position as global market leader of mobile phone sales to Samsung.
Wedbush Securities analyst Gil Luria downgraded NCR (NYSE: NCR) for possibly violating the Foreign Corrupt Practices Act by continuing business transactions in Syria despite economic sanctions.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 801.