On the upside
Second quarter earnings soared for MetroPCS (NYSE: PCS) to surpass analyst estimates by a wide margin and announced that it will successfully implement its 4G LTE network by the end of the third quarter.
Terex (NYSE: TEX) reported second quarter earnings that soared as revenue jumped.
On the downside
The Interpublic Group of Companies (NYSE: IPG) reported lower second quarter earnings as revenue slipped to fall short of expectations.
Timken (NYSE: TKR) reported higher second quarter earnings and revenue but the company revenue missed estimates and the company cut its earnings guidance for the year.
First quarter earnings fell for Quality Systems (Nasdaq: QSII) to miss expectations by a wide margin.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 773.