Friday's Early Winners & Losers: Fuel Systems Surges
Fuel Systems Solutions (FSYS) surged in after-hours trading Thursday when the Santa Ana, Calif.-based company swung to a third-quarter profit and boosted its full-year revenue guidance.
The company, which makes systems that enable internal-combustion engines to run on clean fuels, posted income of $3.4 million, or 22 cents a share, compared with a loss of $9.2 million, or 64 cents a share, a year ago. Revenue climbed 13% to $55.4 million. Two analysts polled by Thomson Financial expected the company to earn 13 cents a share on revenue of $44.2 million. Looking ahead, the company raised its full-year revenue guidance to at least $210 million, up from an earlier forecast of $200 million. Analysts were looking for revenue of $203.1 million. Shares were trading up $2.77, up from 18.2%, to $18.
California Pizza Kitchen (CPKI) tumbled after the Los Angeles-based company beat Wall Street's third-quarter expectations, but lowered its fourth-quarter guidance. The casual-dining restaurant-chain operator posted income of $6.7 million, or 34 cents a share, up from $5.5 million, or 28 cents a share. Revenue increased 14.7% to $142.8 million. Analysts were looking for earnings of 33 cents a share on $142.7 million in revenue. Comparable restaurant sales increase of 5.6%. California Pizza lowered fourth-quarter guidance to a range of 13 cents to 15 cents a share, down from an earlier guidance of 25 cents to 27 cents a share, while Wall Street is forecasting income of 28 cents a share.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV