Higher Open On Upbeat Earnings

Upbeat earnings lifted the markets to a higher open with the Dow rising 43 points to 13,924. Nasdaq gained 15 points to 3146.

On the upside

Hewlett-Packard (NYSE: HPQ) reported lower first quarter revenue and earnings but the results surpassed analyst expectations prompting upgrades.

American International Group (NYSE: AIG) fell to fourth quarter loss due to Hurricane Sandy but the insurer's operating income beat expectations.

Aruba Networks (Nasdaq: ARUN) reversed year ago losses to post a better than expected profit for the second quarter.

On the downside

EnteroMedics (Nasdaq: ETRM) priced its public offering of 13.77 million common shares and warrants to purchase 5.508 million common shares at the discounted price of $0.95 per unit.

Volcano (Nasdaq: VOLC) disappointed with sharply lower fourth quarter earnings prompting a downgrade.

Abercrombie & Fitch (NYSE: ANF) reported higher fourth quarter earnings but same store sale fell.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index rose 5 points to 1507.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here