Early Stocks in Motion

Semtech(SMTC Quote) shares rose 3% in after-hours trading Tuesday after the chipmaker's earnings beat analysts' mean estimate by a penny.

Semtech posted third-quarter net income of $11.5 million, or 15 cents a share, compared with net income of $14.6 million, or 19 cents a share, a year ago. Sales in the quarter ended Oct. 30 declined 6% to $60.9 million from $65 million. According to Thomson First Call, analysts expected earnings of 14 cents a share and sales of $60 million. For the fourth quarter, Semtech sees earnings of 16 cents a share and 4% to 6% sequential revenue growth. Analysts, on average, predict fourth-quarter earnings of 16 cents a share and revenue of $63 million. Semtech shares gained 50 cents to $17.20 after hours.

Chico's FAS(CHS Quote) said it earned $53.2 million, or 29 cents a share, for the third quarter ended Oct. 29, up from $37.1 million, or 21 cents a share, a year ago. Revenue at the women's apparel retailer rose 33% to $358.7 million from $269.8 million last year. Analysts expected a profit of 28 cents a share and revenue of $358.4 million, according to First Call. The company's same-store sales rose 16% for the third quarter, and 11.8% in November. The stock fell 88 cents, or 2%, to $44 in after-hours trading.

Gottschalks(GOT Quote) reported that its third-quarter loss widened slightly to $1.6 million from $1.5 million. On a per-share basis, the loss was flat at 12 cents. The latest quarter's loss from continuing operations was $1.5 million, or 11 cents a share. The department store chain said revenue for the quarter ended Oct. 29 rose 2.3% to $151.3 million from $147.9 million last year. Same-store sales, however, fell 0.5%. The results missed analysts' estimates for a loss of 8 cents a share and revenue of $152.7 million. "We experienced increased distribution costs related to higher fuel prices as well as expenses associated with a new store opening and the closing of another store," said Jim Famalette, president and chief executive, in a statement. The stock was unchanged at $8.52 after hours.