Stocks Fell amid Mixed Earnings

U.S. stocks ended lower on Tuesday, weighed down by mixed corporate news. The Dow Jones Industrial Average
dropped 129.53 or 0.78%, to 16,401.02. The S&P 500 was down 16.94 points, or 0.90%, at 1,867.72. The Nasdaq
Composite fell 57.30 points, or 1.38%, to 4,080.76.

Walt Disney Co. (DIS) on Tuesday reported second-quarter net income of $1.92 billion, or 1.08 a share, compared
with $1.51 billion, or 83 cents a share, for the same period a year ago.

First Solar Inc. (FSLR) reported first-quarter earnings of $1.10 per diluted share on net income of $112
million, compared with 66 cents per diluted share in the year-ago period. Net sales reached $950 million,
compared with $755 million in the first quarter of 2013.

Electronic Arts (EA ) on Tuesday reported a fiscal fourth-quarter profit of $367 million, or $1.15 a share,
compared with a profit of $323 million, or $1.05 a share, for the year-earlier period. The company reported
revenue of $1.12 billion, compared to $1.21 billion in the year-ago quarter.

Twitter Inc. (TWTR) fell to its lowest price since debuting in November after the microblogging service lifted
restrictions on sales of shares by insiders and early investors.

A Wall Street regulator fined a Morgan Stanley wealth management unit $5 million on Tuesday for supervisory
failures related to the sale of shares to retail customers in 83 initial public offerings, including Facebook
Inc and Yelp Inc .

The U.S. derivatives markets regulator is preparing a proposed rule for automated trading, a senior regulator
said, after earlier asking market participants for insights on a long list of questions.