This Day On The Street
Continue to site
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

Thursday's Early Winners & Losers: Hot Topic Sizzles

Pop-culture apparel retailer Hot Topic (HOTT) soared 8% after the closing bell rang Wednesday on rising profits that met Wall Street expectations for the quarter ended Oct. 28.

The City of Industry, Calif.-based company posted earnings of $7.1 million, or 16 cents a share, compared with $5.9 million, or 13 cents a share, a year ago. Revenue rose 2% to $196.7 million, which just slid by estimates of $196.4 million from analysts polled by Thomson First Call. Looking ahead, Hot Topic expects to open 35 new stores and remodel about twice as many in fiscal 2007. Shares were trading up 89 cents to $12.00.

Planar Systems (PLNR - Get Report) gained after posting impressive results for the quarter ended Sept. 29 and for full-year 2006.

The Beaverton, Ore.-based electronic-display developer posted GAAP income of $1.2 million, or 9 cents a share, on revenue of $53.3 million. That compares with a loss of $32.1 million, or $2.18 a share, on revenue of $54.5 million a year ago. Non-GAAP income rose to 14 cents a share on revenue of $53.4 million, sprinting past two analysts' estimates of 9 cents a share for income and $48.7 million in revenue.

Total fiscal 2006 GAAP income swung to a profit of $6.3 million, or 43 cents a share, on revenue of $212.7 million, compared with a loss of $34.9 million, or $2.37 a share, on revenue of $231.8 million a year ago. Non-GAAP income for the year also moved past analysts' expectations, jumping to 63 cents a share on revenue of $212.8 million from 21 cents a share in 2005. Analysts had projected earnings of 44 cents a share and revenue of $207.6 million in 2006. Shares were up 50 cents, or 4.2%, to $12.50.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
ZVUE $0.00 0.00%
ATVI $23.94 0.00%
CPST $0.64 0.00%
PLNR $6.04 0.00%
AAPL $130.28 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs