The leading indexes are up a slight fraction this morning, in early Thursday trading action.
On the move are shares of Time Warner Cable (TWC), down nearly 8% after its earnings report showed costs increasing 8.9% and the number of video subscribers fallingby 129,000 from the third quarter.
PulteGroup (PHM) is also down, falling 3% despite the homebuilder reporting a year-on-year fourfold rise in profit.
Demand for new houses is rising as inventories of existing properties tighten and mortgage rates hover near record lows. U.S. new-home sales jumped 20 percent last year to the highest since 2009. PulteGroup, the largest homebuilder by market value, has lowered costs to boost profitability as orders climb.
Rival DR Horton‘s (DHI) stock climbed more than 10% in the wake of its earnings on Tuesday, though it fell 3.2% yesterday and is down a fraction today.
There are some gainers this morning, however; among the biggest is Pitney Bowes (PBI), up 16% after its fourth-quarter profit and revenue beat estimates. The company also announced a quarterly dividend increase, to 37.5 cents per share for common stock holders.
Under Armour (UA) is up nearly 7% after it said itsfourth-quarter profit rose 54% and revenue grew 26%. The sports apparel maker also provided guidance that forecasts sales growth this year of about 20%.
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