12:20 PM New York – International Game Technology led gainers in the S&P 500 index on better than expected earnings. Blue Nile, the online jeweler rises after it lifts annual outlook. Starbucks reports strong quarterly results on cost cutting. Sotheby’s loss widens on weak auction environment.

Of the stocks in S&P 500 index, 220 increased, 266 declined and 14 were unchanged.

American International Group, Inc led the decliners in the S&P 500 index with a loss of 10.1% followed by losses in VeriSign, Inc of 8.0%, in Sunoco, Inc of 5.1%, in Rockwell Automation, Inc of 3.1% and in Gannett Co., Inc of 2.4%.

International Game Technology led gainers in the S&P 500 index with a rise of 8.8% followed by gains in JDS Uniphase Corporation 7.4%, in NVIDIA Corporation of 6.8% and in Lennar Corporation of 6.1%.

Other Movers

Aceto Corporation (ACET) advanced 5.8% or 32 cents to $5.78 after the distributor of chemicals and generic drugs reported first quarter sales fell 24.7% to $70.6 million from $93.8 million a year ago. Net income in the quarter fell 78.3% to $1.0 million or 4 cents per diluted share compared to net income of $4.6 million or 18 cents per share a year ago.

A.C. Moore Arts & Crafts, Inc (ACMR) after the specialty retailer of arts, crafts and floral merchandise reported third quarter sales fell 9% to $106.1 million from $116.7 million a year ago. Net loss in the quarter was $12.9 million or 53 cents per diluted share compared to net loss of $7.5 million or 37 cents per share a year ago.

Activision Blizzard Inc (ATVI) added 4.9% or 53 cents to $11.40 after the video-game developer said third quarter revenue rose to $703 million from $680 million a year ago.

Allos Therapeutics, Inc (ALTH) the cancer drug developer increased 5.2% or 31 cents to $6.20.

Amerisafe, Inc (AMSF) added 0.2% or 5 cents to $18.63 an insurer said third quarter revenues fell 12% to $67.2 million from $76.3 million a year ago. Net income in the quarter rose 12.7% to $15.1 million or 74 cents per diluted share compared to net income of $13.4 million or 65 cents per share a year ago.

American Science and Engineering, Inc (ASEI) gained 2.6% or $1.83 to $72.18 after the maker of bomb-detecting equipment for security inspections said second quarter earnings per share of $1.18 compared to 83 cents diluted per share a year ago.

Arena Resources, Inc (ARD) decreased 3.9% or $1.68 to $41.13, an oil and natural gas exploration company said third quarter revenues fell 47% to $36.1 million from $68.4 million a year ago. Net income in the quarter fell 55% to $12.1 million or 31 cents per diluted share compared to net income of $26.9 million or 69 cents per share a year ago.

Atmel Corporation (ATML) advanced 3.1% or 12 cents to $3.91 after the chipmaker said third quarter revenues fell 20.6% to $317.7 million from $400.0 million a year ago. Net loss in the quarter was $17.5 million or 4 cents per diluted share compared to net loss of $4.7 million or 1 cent per share a year ago.

Blue Nile, Inc (NILE) climbed 3.8% or $2.28 to $61.00 an online jewelry retailer said third quarter sales rose 2.3% to $66.9 million from $65.4 million a year ago. Net income in the quarter rose 13% to $2.6 million or 17 cents per diluted share compared to net income of $2.3 million or 15 cents per share a year ago.

California Pizza Kitchen, Inc (CPKI) dropped 0.2% or 3 cents to $13.81 after the restaurant chain said third quarter sales fell 5.3% to $164.8 million from $174 million a year ago. Net income in the quarter rose 16% to $5.8 million or 24 cents per diluted share compared to net income of $5 million or 20 cents per share a year ago.

CBS Corporation (CBS) increased 7.4% or 89 cents to $12.79 after the mass media broadcaster said third quarter revenues fell 1% to $3.35 billion from $3.38 billion a year ago. Net income in the quarter was $207.6 million or 30 cents per diluted share compared to net loss of $12.5 billion or $18.58 per share a year ago.

Choice Hotels International, Inc (CHH) rose 2.0% or 64 cents to $31.59 after the hotel franchisor said third quarter revenues fell 13% to $166 million from $191.2 million a year ago. Net income in the quarter fell 8.6% to $32.8 million or 55 cents per diluted share compared to net income of $35.9 million or 57 cents per share a year ago.

Dolan Media Company (DM) increased 7.7% or 99 cents to $13.77 after the provider of business information and professional services reported third quarter revenues rose 30% to $62.3 million from $47.9 million a year ago. Net income in the quarter rose 136% to $5.9 million or 20 cents per diluted share compared to net income of $2.5 million or 9 cents per share a year ago.

Eclipsys Corporation (ECLP) added 4.1% or 78 cents to $19.56 after the provider of clinical and revenue cycle software said third quarter revenues fell 5.2% to $125.5 million from $132.4 million a year ago. Net income in the quarter fell 95.5% to $3.9 million or 7 cents per diluted share compared to net income of $87.4 million or $1.58 per share a year ago.

EOG Resources, Inc (EOG) advanced 3.2% or $2.73 to $88.03 after the oil and gas company said third quarter sales fell 69% to $1.01 billion from $3.26 billion a year ago. Net income in the quarter fell 99.7% to $4.2 million or 2 cents per diluted share compared to net income of $1.56 billion or $6.20 per share a year ago.

ExlService Holdings, Inc (EXLS) climbed 2.6% or 36 cents to $13.86 after the business solutions provider reported third quarter revenues rose 3.4% to $48.2 million from $46.6 million a year ago. Net income in the quarter was $4 million or 14 cents per diluted share compared to net loss of $1.1 million or 4 cents per share a year ago.