U.S. stocks closed on a mixed note, with the sentiment weighed by developments concerning Greece debt.
The Dow industrial average lost 0.09 percent to finish at 12,708.82. The Nasdaq Stock Market fell 0.09 percent to end at 2,784.17. Standard and Poor's 500 rose 0.05 percent to close at 1,316.00 on Monday.
Hot Stocks Of The Day: (RIMM, CHK, CSX, TXN, VMW, PLCM)
In corporate news, Research In Motion (NASDAQ: RIMM) (TSX:RIM.TO) fell 6.4 percent to finish at $15.91 on the NASDAQ. The Blackberry maker named Thorsten Heins as its president and CEO, saying its co-CEOs Jim Balsillie and Mike Lazaridis have stepped down from the position.
CSX Corp. (NYSE:CSX) closed at $22.68, down 3.9 percent in extended trading. The transportation supplier posted quarterly earnings per share of 43 cents, missing Wall Street projections by a penny. It also appointed Oscar Munoz as chief operating officer and Fredrik Eliasson as chief financial officer, effective immediately.
Texas Instruments Inc. (NASDAQ: TXN) sees first quarter earnings per share between 16 cents and 24 cents on revenue of $3.02 billion to $3.28 billion. Analysts expect the company to earn 41 cents on revenue of $3.22 billion. The company reported fourth quarter earnings per share of 25 cents, including charges totalling 23 cents. Revenue fell 3 percent to $3.4 billion as revenue at its Embedded Processing, Wireless and Other segments declined, but topped consensus of $3.25 billion. Texas also said it will cut 1,000 jobs as part of its plans to close two older semiconductor manufacturing facilities in Hiji, Japan, and Houston, Texas. It estimates total charge for these closures at around $215 million. Shares rose 1.8 percent in extended trading.
VMware Inc. (NYSE:VMW) rose 4.7 percent to $90.01 in extended trading after the provider of virtualization services posted non-GAAP earnings of 62 cents a share for the fourth quarter, topping analysts' expectations of 60 cents. Revenue jumped 27 percent to $1.06 billion, above consensus of $1.05 billion. The company guided first quarter and annual 2012 revenue in-line with consensus.
Halliburton Co. (NYSE:HAL) is down 3.9 percent to end at $34.79 after it warned of rising costs. The company reported better-than-expected quarterly earnings, helped by jump in revenue as demand for its oilfield services increased.