On the upside
Discover Financial Services (NYSE: DFS) reported lower third quarter earnings but the results surpassed analyst expectations.
Third quarter earnings slipped for Progress Software (Nasdaq: PRGS) but the results beat expectations.
On the downside
Cepheid (Nasdaq: CPHD) warned that third quarter revenue will miss expectations.
H.B. Fuller (NYSE: FUL) reported higher third quarter earnings but the specialty chemicals company lowered its revenue guidance for the full year.
United Continental (NYSE: UAL) warned that passenger revenue will drop in the third quarter.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 841.