Higher Open On Upbeat Earnings

Upbeat earnings lifted the markets to a higher open with the Dow gaining 50 points to 15,464. Nasdaq added 6 points to 3914.

On the upside

NXP Semiconductors (Nasdaq: NXPI) reported higher third quarter earnings that topped analyst estimates.

Third quarter earnings dropped for Agnico Eagle Mines (NYSE: AEM) but the results were better than expected and the company lifted its full year production outlook.

Generac Holdings (NYSE: GNRC) reported sharply higher third quarter earnings that nearly doubled to beat expectations by a wide margin as revenue rose prompting the company to lift its full year guidance.

On the downside

Fusion-io (NYSE: FIO) fell to a third quarter loss as revenue dropped and the company announced the departure of chief financial officer Dennis Wolf. 

Symantec (Nasdaq: SYMC) reported higher second quarter earnings but revenue slipped and the company forecast current quarter results below expectations.

TriQuint Semiconductor (Nasdaq: TQNT) swung to a profit for the third quarter but the company forecast fourth quarter revenue that fell short of analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 edged up a point to 1747.

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