This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Early Stocks in Motion

Comverse Technology (CMVT) reported after the bell Tuesday that its third-quarter net income more than doubled to $38.3 million, or 18 cents a share, from $15.9 million, or 8 cents a share, a year ago. Excluding certain items, the software company earned $37.1 million, or 17 cents a share. Revenue for the quarter ended Oct. 31 increased 22%, to $299 million from $245.5 million a year ago. Analysts expected earnings of 15 cents a share, before items, on revenue of $293 million, according to Thomson First Call. The stock was up 62 cents, or 2.4%, to $27.02 in after-hours trading.

Verint Systems (VRNT - Get Report), a unit of Comverse, said it earned $7.3 million, or 22 cents a share, up from $5.2 million, or 16 cents a share, a year ago. Excluding certain items, the company earned $8.8 million, or 26 cents a share, in line with analysts' mean estimate. The provider of analytic software-based systems said third-quarter sales rose to $78.2 million from $64 million last year. The stock was down $1.27, or 3.2%, to $38.50 in late trading.

SimpleTech (STEC) lowered its fourth-quarter revenue guidance to a range of $60 million to $63 million from a previous estimate of roughly $70 million. As a result, the data-storage company expects its earnings will also miss its guidance, which called for a profit of about 4 cents a share. Analysts, on average, had forecast earnings of 4 cents a share and revenue of $70 million. SimpleTech attributed the weaker outlook to a decrease in certain business related to the server sector. The stock tumbled 36 cents, or 9.5%, to $3.44 in after-hours trading.

Shares of Hurco (HURC - Get Report) rose 17% after the company reported that its fourth-quarter net income rose to $7.2 million, or $1.13 a share, from $2.3 million, or 36 cents a share, a year ago. Excluding certain items, the industrial technology company earned $4.9 million, or 77 cents a share. Sales for the quarter ended Oct. 31 were $34.7 million, up from $28.9 million last year. The results beat analysts' expectations for earnings of 55 cents a share, before items, and sales of $33.6 million. The stock jumped $3.95 to $26.78 in after-hours trading.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
STEC $0.00 0.00%
ADP $80.83 0.00%
CASY $96.41 0.00%
HURC $34.85 0.00%
HTCH $1.60 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs