Micron Technologyand Red Hatmissed Wall Street revenue estimates after the close on Wednesday.
Shares of Micron were unchanged after hours after the company beat earnings estimates by two cents per share with 23-cent earnings. But revenues of $1.26 billion, up 6% year-over-year, missed $1.31 billion forecasts. Average selling prices were flat from the previous quarter, the company said.
Red Hat shares fell 4% after the company reported in-line earnings of 6 cents per share. Sales surged 55% to $50.9 million, but that was less than the $51.5 million that analysts were looking for.
Also after the close, Tibcobeat earnings and revenue estimates, while PalmSourcefell on a warning.
Stocks extended their gains during the day on a big drop in oil prices.
The Nasdaq climbed 6 to 2157, the S&P 500 rose 4 to 1209, and the Dow gained 56 to 10,815. Volume declined to 1.39 billion shares on the NYSE, and 1.83 billion on the Nasdaq. Advancers led 19-13 on the NYSE, and 17-14 on the Nasdaq. Upside volume was 64% on the NYSE, and 62% on the Nasdaq. New highs-new lows were 381-4 on the NYSE, and 163-10 on the Nasdaq.
Microsoftslipped after a court upheld EU penalties against the software giant.
Research in Motionfell 4% on mixed guidance.
Cognos, Solectronand Manugisticsfell on their results.
Paychexand InterVoicegained on their results.
Airspanand PlanetOutrose on upgrades, while TTMfell 8% on a downgrade.