On the upside

Strong demand for Deckers Outdoor's (Nasdaq: DECK) UGG shoes lifted third quarter earnings to beat expectations.

Evergreen Solar (Nasdaq: ESLR) credited its cost control initiatives for narrowing third quarter losses and expects to trim losses even further in the fourth quarter.

Analsyts upgraded DeVry (NYSE: DV) after the for profit education company reported higher first quarter earnings that surpassed expectations.

On the downside

Although Online Resources (Nasdaq: ORCC) reversed year ago losses to post a profit for the third quarter, the results fell far short of expectations.

Friedman Billings (NYSE: BBX) downgraded BankAtlantic Bancorp over the weak real estate market in Florida.

Franklin Resources (NYSE: BEN) reported higher fourth quarter earnings but the results fell short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 15 points to 821.