On the upside
Gibraltar Industries (Nasdaq: ROCK) reported higher second quarter earnings that topped estimates and lifted its full year outlook prompting an upgrade.
Second quarter earnings for Fuel Systems Solutions (Nasdaq: FSYS) rose to beat expectations prompting the alternative fuel systems maker to boost its full year guidance.
FairPoint Communications (Nasdaq: FRP) reported sharply higher second quarter earnings.
On the downside
NextWave Wireless (Nasdaq: WAVE) widened second quarter losses as expenses rose.
Coeur d'Alene Mines (NYSE: CDE) blamed increased expenses for swinging to a second quarter loss.
Smart Balance (Nasdaq: SMBL) blamed stock based compensation expense for swinging to a second quarter loss.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 15 points to 728.
