On the upside
Woodward Governor (Nasdaq: WGOV) reported higher third quarter earnings that beat expectations as sales rose prompting the energy control systems and components maker to lift its full year outlook.
Higher fuel costs weighed down second quarter earnings for Royal Caribbean (NYSE: RCL) but the results met expectations and the cruise line operator announced the elimination of 400 jobs to cut costs.
Jefferies Group (NYSE: JEF) reported a narrower than expected loss for the second quarter.
On the downside
SanDisk (Nasdaq: SNDK) blamed the sluggish economy for swinging to a loss for the second quarter. Analysts promptly downgraded the memory chip maker.Millicom International Cellular (Nasdaq: MILL) reported second quarter earnings that fell short of estimates and announced plans to acquire privately held Amnet Telecommunications.
Moody's Investors Service placed Assured Guaranty (NYSE: AGO) on review for a possible downgrade. Meanwhile, the bond insurer warned that second quarter earnings will fall.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 707.
