This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Friday's Early Winners & Losers

Shares of Take-Two Interactive (TTWO) sank in late trading Thursday after the video-game publisher reported a wider-than-expected second-quarter loss amid rising product costs and a huge write-off.

For the quarter ended April 30, Take-Two posted a loss of $50.4 million, or 71 cents a share, widened from $8.2 million, or 12 cents a share, a year ago. The bottom line included a charge of 24 cents a share related to restructuring. Without that charge, the company still would have recorded a loss of about 47 cents a share. Analysts polled by Thomson First Call had predicted the company would post a loss of 11 cents a share before the charge. The wider loss came even as sales jumped 19% to $265.1 million, topping Wall Street's estimate of $258.8 million. Take-Two shares dropped $2.27, or 13%, to $14.50 in after-hours trading.

Shares of Quality Systems (QSII) surged after the health care information-systems company beat Wall Street's fourth-quarter earnings estimates. The company posted earnings of $7.6 million, or 28 cents a share, for the quarter ended March 31, topping analysts' average forecast of 23 cents. A year earlier, the company earned $4.8 million, or 18 cents a share. Revenue climbed 39% to $35.6 million, compared with Wall Street's target of $33.2 million. Shares jumped $3.15, or 10%, to $35.15 in late trading.

Quiksilver (ZQK) shares rose after the outdoor-sporting-goods company matched Wall Street's second-quarter earnings expectation. For the quarter ended April 30, the company reported earnings of $3.7 million, or 3 cents a share, down from $34.7 million, or 28 cents a share a year ago. The company's results included the Rossignol and Cleveland Gold businesses, which were acquired in July 2005. Rossignol's business is seasonal, and hurt the company's second-quarter results, Quiksilver said. Revenue increased to $516.9 million from $426.9 million. Wall Street was looking for earnings of 3 cents a share on revenue of $527.3 million.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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