12:50 PM New York – Earnings revision at the Estee Lauder Companies Inc and Tempur-Pedic International lifted stocks. AMD fell after the quarterly sales fee 22%. Citizens First Corp surged 87%. Harris Corp gained on the military radio contract of $419 million.

Of the stocks in S&P 500 index, 46 increased, 449 declined and 5 were unchanged.

Allegheny Technologies Incorporated led the decliners in the S&P 500 index with a loss of 6.2% followed by losses in Advanced Micro Devices, Inc of 5.9%, in Genworth Financial, Inc of 4.5%, in Marshall & Ilsley Corporation of 4.3% and in MBIA Inc of 4.2%.

The Estee Lauder Companies Inc led gainers in the S&P 500 index with a rise of 8.2% followed by gains in Mattel, Inc 7.1%, in IntercontinentalExchange, Inc of 5.0% and in Halliburton Company of 4.0%.

Other Movers

Advanced Micro Devices, Inc (AMD) decreased 3.7% or 23 cents to $5.96 after the microprocessors developer said third quarter revenues fell 22% to $1.4 billion from $1.8 billion a year ago. Net loss in the quarter was $128 million or 18 cents per diluted share compared to net loss of $134 million or 22 cents per share a year ago.

A. O. Smith Corporation (AOS) increased 7.1% or $1.69 to $45.25 after the maker of water heaters and electric motors reported third quarter sales fell 17% to $501.5 million from $602.7 million a year ago. Net income in the quarter rose 496.6% to $34.6 million or $1.14 per diluted share compared to net income of $5.8 million or 61 cents per share a year ago.

Bank of America Corporation (BAC) decreased 5.3% or 96 cents to $17.14 after the bank reported third quarter revenues rose 32.7% to $26.04 billion from $19.62 billion a year ago. Net loss in the quarter was $2.24 billion or 26 cents per diluted share compared to net income of $704 million or 15 cents per share a year ago.

Citizens First Corp (CZFC) surged 87% to $7.02 after Porter Bancorp acquired options to purchase 15.8% stake in the bank subject to regulatory approval. The options grant the right to Porter to acquire Citizens at $9 a share.

Cubist Pharmaceuticals, Inc (CBST) added 2.5% or 51 cents to $20.40 after the biopharmaceutical company said third quarter revenues rose 27.7% to $143.5 million from $112.4 million a year ago. Net income in the quarter rose 1.6% to $25.4 million or 42 cents per diluted share compared to net income of $25 million or 44 cents per share a year ago.

Deutsche Bank AG (DB) fell 3.7% or $3.21 to $81.55 after the German bank was downgraded to “reduce” from “buy” at Kepler Capital Markets.

The Estee Lauder Companies Inc (EL) rose 6.1% or $2.42 to $41.54 after the cosmetics maker indicated that the latest quarterly earnings are likely to be ahead of expectations.

Fidelity Southern Corporation (LION) increased 9.8% or 35 cents to $3.90 after the bank company said third quarter interest income rose 16% to $13.8 million from $11.9 million a year ago. Net loss in the quarter was $425,000 or 4 cents per diluted share compared to net loss of $4.9 million or 50 cents per share a year ago.

General Electric Company (GE) dropped 3.1% or 53 cents to $16.26 after the technology, media and financial services company reported third quarter sales fell 20% to $37.8 billion from $47.2 billion a year ago. Net income in the quarter fell 44% to $2.42 billion or 23 cents per diluted share compared to net income of $4.31 billion or 43 cents per share a year ago.

Google Inc (GOOG) advanced 3.2% or $17.09 to $547.00 after the search engine said third quarter revenues rose 7.2% to $5.94 billion from $5.54 billion a year ago. Net income in the quarter rose 27% to $1.64 billion or $5.13 per diluted share compared to net income of $1.29 billion or $4.06 per share a year ago.

Genuine Parts Company (GPC) fell 2.0% or 80 cents to $38.16 after the distribution of automotive replacement parts reported third quarter sales fell 10.3% to $2.6 billion from $2.9 billion a year ago. Net income in the quarter fell 18% to $107.6 million or 67 cents per diluted share compared to net income of $131.0 million or 81 cents per share a year ago.

Halliburton Company (HAL) rose 0.1% or 5 cents to $30.02 after the oilfield services company reported third quarter revenues fell 26% to $3.59 billion from $4.85 billion a year ago. Net income in the quarter fell 61% to $262 million or 29 cents per diluted share compared to net income of $672 million or 74 cents per share a year ago.

Harris Corp (HRS) surged 6.2% to $39.54 after the military contractor was awarded $419 million contract to provide multiband radio. The initial delivery is for $165 million of mobile radio systems and support services.

International Business Machines Corporation (IBM) declined 3.8% or $4.95 to $123.03 an information technology company said third quarter revenues fell 6.7% to $23.6 billion from $25.3 billion a year ago. Net income in the quarter rose 14.3% to $3.2 billion or $2.40 per diluted share compared to net income of $2.8 billion or $2.04 per share a year ago.

Luby's, Inc (LUB) fell 4.1% or 18 cents to $4.12 after the restaurant chain operator said fourth quarter sales fell 13.3% to $84.2 million from $97.1 million a year ago. Net loss in the quarter was $23.3 million or 83 cents per diluted share compared to net loss of $3.7 million or 13 cents per share a year ago.

Mattel, Inc (MAT) increased 6.7% or $1.13 to $20.71 after the toymaker reported third quarter sales fell 8% to $1.79 billion from $1.95 billion a year ago. Net income in the quarter fell 3.5% to $229.8 million or 63 cents per diluted share compared to net income of $238.1 million or 65 cents per share a year ago.