On the upsideWhile Informatica (Nasdaq: INFA) posted flat first quarter earnings, revenue rose prompting an upgrade.
On the downside
First quarter earnings for Arch Coal (NYSE: ACI) plunged as demand tumbled and the company forecast disappointingly low full year results.
Invesco (NYSE: IVZ) disappointed with first quarter earnings that plummeted as revenue plunged by nearly 40%.
Robert W. Baird analyst Eric Coldwell downgraded IMS Health (NYSE: RX) saying that the company's revenue will most likely fall short of estimates.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 12 points to 478.