On the upsideSprint Nextel (NYSE: S) widened first quarter losses as revenue dropped but the results were better than expected.
Shares of Boise (NYSE: BZ) rose ahead of its earnings release tomorrow.
UBS upgraded Cott (NYSE: COT) after the soft drink maker reversed year ago losses to post a first quarter profit.
On the downside
Calgon Carbon (NYSE: CCC) disappointed with first quarter revenue that fell short of estimates.
Caris & Co. downgraded AthenaHealth (Nasdaq: GPRO) after the online services provider for medical practices reported first quarter revenue that misses expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 491.