This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Today's Early Winners and Losers

Shares of Cree (CREE - Get Report) fell in late trading Thursday after the semiconductor materials maker posted second-quarter net earnings of $17.7 million, or 23 cents a share, down from $27 million, or 35 cents a share, a year earlier. Earnings from continuing operations were $20.1 million, or 26 cents a share, matching analysts' mean estimate. Revenue rose to $105.6 million from $96.1 million a year earlier.

For the third quarter ending in March, Cree forecast earnings from continuing operations of 25 cents to 27 cents a share, including 3 cents in stock-compensation costs. The company targets revenue of $105 million to $110 million. According to Thomson First Call, analysts had projected earnings of 25 cents a share and revenue of $108.7 million. Cree shares fell $2.13, or 7.4%, to $26.50 after hours.

Molex (MOLX) posted better-than-expected fiscal second-quarter earnings and raised its full-year profit. The electronic components company reported net income of $58 million, or 31 cents a share, up from $52.2 million, or 27 cents a share, a year ago. Excluding a restructuring charge, earnings were 34 cents a share, topping analysts' mean estimate by a nickel. Revenue increased 7% to $697.3 million.

Molex projected third-quarter revenue of $690 million to $710 million, above analysts' projection of $676.3 million. The company expects earnings per share will be 28 cents to 30 cents. Wall Street sees earnings of 30 cents a share. For the full year, Molex now sees earnings of $1.15 to $1.19 a share and revenue of $2.725 billion to $2.8 billion. The company previously forecast full-year earnings of $1.07 to $1.12 a share and revenue of $2.675 billion to $2.75 billion. Shares rose $1.31, or 4.7% to $28.80 in late trading.

Supertex (SUPX) shares tumbled after the company's third-quarter results missed estimates. Supertex earned $3.7 million, or 26 cents a share, in the December quarter, up from $2.3 million, or 17 cents a share, a year earlier. Revenue rose to $19.9 million from $14.9 million a year ago. Analysts expected earnings of 35 cents a share on sales of $21.7 million. The chip company also said Richard Siegel quit as executive vice president and as a member of the board to pursue other opportunities. Shares dropped $12, or 28%, to $31.25 in late 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
MOLX $0.00 0.00%
CREE $35.40 1.07%
MANT $34.01 -0.23%
SUPX $32.98 0.00%
AAPL $126.37 2.53%

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs