Today's Early Winners and Losers

Candela(CLZR Quote) gained nearly 14% in after-hours trading Tuesday after the medical laser maker posted better-than-expected fiscal second-quarter results. Candela's income for the December period rose to $4.5 million, or 19 cents a share, from $1.7 million, or 7 cents a share, a year earlier. Analysts polled by Thomson First Call were expecting earnings of 12 cents a share. The company's second-quarter revenue jumped 34% to $37.7 million, beating analysts' target of $33.4 million. Candela gained $2.04 to $17.01 in late trading.

Shares of Select Comfort(SCSS Quote) climbed after the bed retailer reported a 52% rise in fourth-quarter income, beating Wall Street's target. The company posted earnings of $15.8 million, or 42 cents a share, up from $10.4 million, or 27 cents a share, a year earlier. Analysts were expecting earnings of 37 cents a share. Sales increased 26% to $187.9 million from $148.6 million, beating analysts' forecast of $185.1 million.

Select Comfort projected 2006 earnings of $1.30 to $1.37 a share, including 10 cents to 11 cents in costs from stock-based compensation. Analysts predict earnings of $1.30 a share. Select Comfort gained $2.01, or 7.3%, to $29.61 in after-hours trading.

Pixelworks(PXLW Quote) declined 11% after the maker of semiconductors and software for the display industry reported a fourth-quarter loss and offered a worse-than-expected first-quarter outlook. For the fourth quarter, the company's loss totaled $35.9 million, or 75 cents a share, including an unexpected tax expense of 66 cents. Excluding the tax expense and other items, the company would have had a loss of 1 cent a share. Analysts polled by Thomson First Call were expecting the company to post a loss of 3 cents a share. Revenue rose 13% to $43.4 million, shy of analysts' forecast of $46 million.

The company expects a first-quarter loss of 8 cents to 11 cents a share, before items, on revenue of $39 million to $43 million. Analyst forecasts call for a loss of 3 cents a share and revenue of $46 million. Meanwhile, Pixelworks said its chief financial officer, Jeff Bouchard, is leaving for a job at a private technology company in the Silicon Valley. Shares of Pixelworks slipped about 63 cents to $5.07 in after-hours trading.