The Russell 2000 Index fell for a second day, losing 0.2 percent to 724.48 at 10:49 a.m. in New York. The Standard & Poor's 500 Index (SPX), whose companies have a median market value 22 times larger than the Russell 2000, slipped 0.3 percent. The stock indexes have declined 4 percent and 5.4 percent, respectively, this year.
Albany Molecular Research Inc. (AMRI) jumped 16 percent, the most since Aug. 10, to $13.29. The medical research contractor said profit for the year may be as high as 42 cents a share, exceeding the average analyst estimate for earnings of 33 cents a share.
INX Inc. (INXI US) had the steepest gain since November 2003, adding 21 percent to $9.45. The reseller of Cisco Systems Inc. data-networking products reported first-quarter sales that exceeded analysts' estimates.
Marvel Entertainment Inc. (MVL US) rose 7.1 percent to $32.39 for the biggest increase since Nov. 5. The movie and comic book producer increased its forecast for 2008 adjusted earnings to $1.35 to $1.55 a share on sales of $370 million to $400 million. Previously, it predicted profit of $1.30 to $1.50 on revenue of $360 million to $400 million.
STEC Inc. (STEC) gained 18 percent, the most since July 17, to $10.98. The maker of flash-memory devices said second-quarter profit may be as high as 8 cents a share, exceeding the average analyst estimate of 5 cents a share. The company also reported first-quarter earnings that topped estimates.
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