This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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: Fuel Systems Surges

The company cited several factors for the reduction, including delays in new restaurant opening dates that will reduce fourth-quarter results by about 6 cents a share. Also, management concluded negotiations to secure early lease termination and close the last of its money-losing restaurants. The company said this will adversely affect fourth-quarter earnings by 3 cents a share, but will be accretive in 2007. Looking ahead to 2007, the company forecast earnings to range from $1.31 to $1.33 a share. Wall Street is looking for earnings of $1.38 a share. Shares were trading down $3.37, or 10.7%, to $28.21.

Dolby Labs (DLB) climbed after the San Francisco-based audio engineering company flew past targets and raised sights for its fiscal 2007. The company posted a pro forma profit of $25.2 million, or 61 cents a share, for the fiscal fourth quarter ended Sept. 29. Those numbers compare with an adjusted profit of $26.8 million, or 15 cents a share, in the year-ago period. Total sales for the quarter were $102.1 million, a 29% improvement from the $78.9 million revenue level a year ago. Analysts were looking for an 11-cent-a-share adjusted profit on $83.8 million in sales.

For fiscal year 2006, Dolby reported total revenue of $391.5 million, compared to $328 million for prior year. Looking ahead, the company expects total sales for the 2007 fiscal year to hit somewhere between $420 million and $450 million. That is well above Wall Street's $405 million consensus target. Shares were trading up $3.75, or 19%, to $23.49.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • 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