Online Resources: After-Hours Trading (Update 1)
Updated from 5 p.m. ET to include additional information on Online Resources, Yahoo! and Vera Bradley as well as updated share prices.
NEW YORK (TheStreet) -- Online Resources (ORCC) was in rally mode late Wednesday after the provider of financial technology services delivered a better-than-expected quarterly profit and gave a strong outlook.
The company, whose services include electronic bill payment and online banking services, reported core net income of $2.6 million, or 8 cents a share, on revenue of $38.7 million for the three months ended Dec. 31, besting the average estimate of analysts polled by Thomson Reuters for earnings of 4 cents a share on revenue of $38.5 million.
Including items, Online Resources reported a net loss of $300,000, or a penny per share, for the quarter, narrower than a loss of $2 million, or 6 cents a share, in the same period a year earlier.Online Resources sees core net income of 5 to 6 cents a share in its fiscal first quarter ending in March on revenue of $41.2 million to $41.7 million. Wall Street's current consensus estimate is for earnings of 3 cents a share on revenue of $39.8 million. The stock was last quoted at $3.55, up 20%, on volume of more than 25,000, according to Nasdaq.com. After finishing Wednesday's regular trading at $2.96, the shares had gained 17.4% so far in 2012.
Guess?Shares of Guess? (GES) tanked in late trades after the fashion apparel and accessories company fell short on the top line with its latest quarterly results and gave a weak outlook. Los Angeles-based Guess? reported a fiscal fourth-quarter profit of $95.9 million, or $1.05 a share, for the three months ended Jan. 28 on revenue of $775.8 million, below year-ago equivalent earnings of $103.3 million, or $1.11 a share. The average estimate of analysts polled by Thomson Reuters was for a profit of $1.05 a share in the quarter on revenue of $778 million. For the first quarter ending in April, the company forecast earnings of 25 to 28 cents a share on revenue ranging from $560 million to $575 million. Wall Street's current consensus estimate is for earnings of 48 cents a share on revenue of $609.7 million in the current quarter. The stock was last quoted at $32.28, down 12%, on volume of more than 730,000, according to Nasdaq.com. Based on Wednesday's regular-session close at $36.70, the shares are up 22.5% so far in 2012. In the past year though, the shares are still off more than 16%. Guess? sees earnings of $2.50 to $2.65 a share in fiscal 2013 with revenue projected between $2.74 billion and $2.78 billion. The average analysts' estimate is for a profit of $3.18 a share for the full year ending in January 2013 on revenue of $2.83 billion. The company said its outlook reflects an estimated profit impact of 35 to 40 cents a share from increased marketing investments and foreign currency fluctuation. "We will invest in new marketing programs designed to increase brand awareness and drive more traffic into our stores," said Paul Marciano, the chief executive officer at Guess?, in a statement. "While this is a long term investment to grow sales, we do expect to see some acceleration of our revenues in the second half of this year. We will continue to develop newer international markets and expand our G by Guess concept both internationally and domestically." Check out TheStreet's quote page for Guess? for year-to-date share performance, analyst ratings, earnings estimates and much more.
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