Tuesday's Early Winners & Losers
Priceline.com(PCLN Quote) gained after the online-travel outfit offered an optimistic forecast for the rest of the fiscal year and posted second-quarter results that easily exceeded analysts' targets.
Revenue in the second quarter totaled $307.7 million, up 15.4% from last year and ahead of the Thomson Financial consensus estimate of $294.2 million. Priceline earned $12.5 million, or 28 cents a share, little changed from $12.4 million and 29 cents a share a year ago. Before items, the company would have earned 55 cents in the latest quarter, 4 cents better than Wall Street expected. For the third quarter, Priceline is projecting a profit of 60 cents to 65 cents a share, and for the year, the company says it should earn $1.66 to $1.74 a share. Both estimates exclude items. On average, analysts want to see 61 cents for the quarter and $1.67 for the year. Shares gained $3.43, or 13%, to $29.84. 51job (JOBS Quote) stumbled after the human resources firm guided to lower-than-expected revenue. Earnings for the quarter ended June 30 rose 63% from a year ago to $3.2 million, or 12 cents a share. Revenue rose 17% from a year earlier to $21.7 million. Analysts were looking for an 11-cent profit on sales of $17 million. However, the company also forecast earnings of 14 cents a share on revenue of $22.2 million or so for the third quarter. Analysts were looking for 13 cents on $24 million. Shares fell $4.94, or 23.5%, to $16.05. Sykes Enterprises (SYKE Quote) rose after earning $11.8 million, or 29 cents a share, for the latest quarter. Revenue increased 10.7% from a year ago to $135.2 million. The company expects third-quarter earnings of 17 cents to 20 cents a share and revenue in the range of $145 million to $150 million. Wall Street is looking for income of 16 cents a share and revenue of $133.6 million. For the year, Sykes is expecting earnings of 81 cents to 87 cents a share and revenue of $562 million to $572 million, up from its earlier guidance. Analysts are forecasting earnings of 59 cents a share on revenue of $535.2 million. Shares gained $2.05, or 11.9%, to $19.22.- Loading Comments...
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