Information provided by Theflyonthewall.com Ford
) reported quarterly results that widely beat expectations on both the top and bottom lines, but shares fell nearly 6% after the company also said it now expects to lose about $2 billion in Europe this year.
Among others reporting earnings last night and this morning, advancers included DR Horton
), Peabody Energy
), Boston Scientific
) and Eli Lilly
Decliners included Lexmark
), BMC Software
) and Sanmina
Among the notable gainers was Hess
), which added almost another 10% after being up more than 6% yesterday. Shareholder Elliott Management, which is seeking to elect five directors to Hess' board, said that if managed appropriately, the equity value of Hess could be up to $126 per share.
Also higher for a second straight session were shares of Keryx Biopharmaceuticals
), up over 33% today after the price target on its shares was raised by at least three more firms.
Among the noteworthy losers was VMware
), which fell 20% and was downgraded by at least six firms following its Q4 results and FY13 guidance.
Also lower by more than 4% were shares of EMC
), which holds a majority ownership stake in VMware. Like VMware, EMC reported stronger than expected quarterly results but issued a cautious outlook for the year ahead.