On the upside
Varian Medical Systems (NYSE: VAR) reported higher fourth quarter earnings that topped analyst estimates.
Acme Packet (Nasdaq: APKT) fell to a loss for the third quarter but the results were better than expected. On the downside
HMS Holdings (Nasdaq: HMSY) disappointed with lower third quarter earnings even as revenue rose.
Constant Contact (Nasdaq: CTCT) reported higher third quarter earnings but the company's customer conversion rate fell short and the online marketer lowered its revenue guidance for the full year.
Standard Pacific (NYSE: SPF) swung to a profit for the third quarter but the results fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 808.