The markets traded near the flatline during the midday with the Dow gaining 11 points to 14,086 as expansion of the nation’s economy slowed in the fourth quarter. Nasdaq rose 8 points to 3170.
On the upside
Universal Display (Nasdaq: PANL) reported flat fourth quarter earnings but revenue surged to surpass analyst expectations.
Fourth quarter earnings rose for Monster Beverage (Nasdaq: MNST) as revenue climbed.
Barnes & Noble (NYSE: BKS) fell to a third quarter loss but optimism that company founder and chairman Leonard Riggio will buy the retail stores lifted shares of the book seller.
On the downside
Procera Networks (Nasdaq: PKT) reported lower fourth quarter earnings that missed expectations and forecast 2013 revenue below estimates.
Cablevision Systems (NYSE: CVC) reported higher fourth quarter earnings due to a legal settlement but the company lost customers and recorded $100 million in costs due to Superstorm Sandy.
Vocera Communications (NYSE: VCRA) swung to a profit for the fourth quarter but the company forecast current quarter results that fell short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 index rose 2 points to 1518.
