Germany Deliberates Greece Bail Out Package, Markets Flat

The markets opened flat with the Dow adding 4 points to 10,995 as Germany continues deliberations about Greece's bail out package. Nasdaq lost 5 points to 2466.

On the upside

RF Micro Devices (Nasdaq: RFMD) reversed year ago losses to post a better than expected profit for the fourth quarter.

Owens Cornings (NYSE: OC) swung to a first quarter profit that beat analyst expectations by a wide margin prompting the company to lift its full year guidance.

First quarter earnings for Invesco (NYSE: IVZ) tripled to top estimates.

On the downside

Oppenheimer downgraded Buffalo Wild Wings (Nasdaq: BWLD) after the casual restaurant chain reported weak same store sales.

Conexant Systems (Nasdaq: CNXT) reported disappointing second quarter earnings and forecast third quarter results below expectations.

First quarter earnings for Robert Half International (NYSE: RHI) slipped to fall short of expectations and the company forecast disappointing second quarter results.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 725.