Mixed Open As Investors Monitor Earnings

The markets opened mixed with the Dow rising 30 points to 14,999 while Nasdaq slipped 3 points to 3389 as investors monitored earnings news.

On the upside

Himax Technologies (Nasdaq: HIMX) reported higher first quarter earnings and revenue that topped expectations and forecast higher second quarter earnings.


First quarter earnings slipped for MercadoLibre (Nasdaq: MELI) but revenue climbed to surpass expectations.


Santarus (Nasdaq: SNTS) reported sharply higher first quarter earnings and revenue that beat analyst expectations and lifted its full year guidance.


On the downside


Aruba Networks (Nasdaq: ARUN) warned that third quarter earnings and revenue would fall far short of expectations.


First Solar (Nasdaq: FSLR) reversed year ago losses to post a profit for the first quarter but the results missed expectations.


Ruckus Wireless (NYSE: RKUS) disappointed with lower first quarter earnings that fell short of expectations and forecast second quarter revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index edged up a point to 1619.

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