Friday's Small-Cap Winners & Losers
SupportSoft (SPRT) rose after the Redwood City, Calif.-based software company beat Wall Street's third-quarter expectations. The company made $1.7 million, or 4 cents a share, compared with a loss of $85,000, in the year-ago period. Excluding items, SupportSoft broke even on a per-share basis. Analysts were looking for a loss of 3 cents a share. Shares were trading up 77 cents, or 16.5%, to $5.44.
Cohu (COHU) climbed more than 13% after the Poway, Calif.-based semiconductor-equipment company beat analysts' third-quarter expectations. The company posted earnings of 18 cents a share, 6 cents ahead of estimates. Shares were trading up $2.48 to $21.38.
Stoneridge (SRI) gained after the Warren, Ohio-based company, which makes components and systems for cars and trucks, swung to a third-quarter profit. The company earned $4.4 million, or 19 cents a share, compared with a loss of $3.3 million, or 14 cents a share, a year ago. The company also reaffirmed its 2006 guidance, which should exceed estimates. Shares climbed 76 cents, or 9.7%, to $8.56.
Power-One (PWER) slumped after the Camarillo, Calif.-based company, which makes power-conversion and power-management products, saw a drop in third-quarter earnings. The company earned $1.3 million, or 1 cent a share, compared with $1.5 million, or 2 cents a share, last year. Revenue totaled $78.7 million, up from $67.2 million a year ago. The company also projected a fourth-quarter loss of 5 cents to 8 cents a share on sales in the range of $105 million to $115 million. Wall Street is looking for the company to earn 4 cents a share on revenue of $81.5 million. Shares fell 51 cents, or 6.6%, to $7.21.
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