Cabot Oil & Gas (NYSE:COG) shares are higher today following the announcement of fourth quarter earnings. Though earnings were disappointing, sales were not, and increased production guidance coupled with a positive update on operations are driving the stock higher.
Shares are higher by nearly 11 percent.
Endologix (NASDAQ:ELGX) is trading higher after the medical device maker announced that fourth quarter earnings beat expectations. shares rose 16% after the maker of medical devices reported fourth-quarter income that beat Wall Street’s expectations. Gross profit was $15.0 million in the fourth quarter of 2010, which represents a gross margin of 78%. This compares with gross profit of $10.3 million and a gross margin of 75% in the fourth quarter of 2009.
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