Today's Early Winners and Losers
Shares of Shuffle Master (SHFL) climbed in late trading Monday after the maker of gaming-industry products posted in-line fiscal first-quarter earnings and lifted its full-year guidance.
For the quarter ended Jan. 31, the company reported earnings of $7.4 million, or 21 cents a share, up from $6.1 million, or 18 cents a share, a year ago. Revenue rose 31% to $33.3 million. Analysts polled by Thomson First Call had expected, on average, earnings of 21 cents a share and revenue of roughly $31.1 million. Shuffle Master raised the bottom of its full-year outlook to $1.02 to $1.05 a share, or 28% to 31% over fiscal 2005. The company previously predicted earnings of $1 to $1.05 a share. Shares rose $1.13, or 4.3%, to $27.36 in after-hours trading.
Oracle (ORCL) shares fell after the business-software giant posted weaker-than-expected third-quarter database license revenue. Oracle earned a profit of $765 million, or 14 cents a share, on sales of $3.5 billion. A year earlier, the company earned $540 million, or 10 cents a share, on revenue of $2.95 billion. Excluding items, Oracle's EPS in the latest quarter was 19 cents, better than analysts' target of 18 cents. But the company's key new database license revenue increased 4% to $827 million, below Wall Street's expectations of 9% growth to $853 million. Shares shed 51 cents, or 3.7%, to $13.21.
China TechFaith Wireless (CNTF) shares plummeted after the Beijing-based mobile handset company warned that it expected its first quarter to come in "significantly lower" than the fourth quarter due to declining orders from a major customer and the discontinuation of two platforms. For the fourth quarter, the company posted income of $10.5 million, or 24 cents an American Depositary share, compared with a year-earlier profit of $6.6 million, or 19 cents an ADS. Revenue increased 65% to $24.1 million. Two analysts had an average estimate for the company to report earnings of 24 cents per ADS and revenue of $24.2 million.
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