Tuesday's Early Winners & Losers
Palm (PALM) dropped after the mobile-device maker forecast slashed results for the quarter ended Dec. 1 due to a delay of the launch of its Treo 750 product.
The Sunnyvale, Calif.-based company now expects GAAP earnings of 10 to 11 cents a share, which compares with its previous guidance of 15 to 16 cents a share. Revenue guidance was cut to a range between $390 million and $395 million from the prior outlook of $430 million to $450 million. Palm had expected the Treo 750 to ship during the current quarter, but due to certification delays it now expects the product to ship during the following quarter. Shares were down 69 cents, or 4.5%, to $14.68.
Chicago-based Stratos International (STLW) ballooned 7% in after-hours trading Monday after the company shot past Wall Street's downside expectations for the quarter ended Oct. 31 and swung to a respectable profit.
The company earned $748,000, or 5 cents a share, beating the 4-cents-a-share loss predicted by analysts, according to Thomson Financial. The results compare with a loss of $434,000, or 3 cents a share, a year ago. Top-line figures increased 22% year over year, totaling $23.2 million, including $200,000 in license fees and royalties. Analysts were looking for revenue of $22 million. Shares were trading up 49 cents to $7.49.Donaldson (DCI) shares jumped on improved results for the quarter ended Oct. 31. The Minneapolis-based maker of filtration products met Wall Street earnings projections, posting income of $36 million, or 43 cents a share, compared with $32.2 million, or 37 cents a share, a year ago. Sales for the quarter climbed 11% from a year ago to $446.4 million, topping the $442 million consensus estimate. Looking ahead, the company expects full-year fiscal 2007 earnings of $1.72 to $1.82 a share, in line with analysts' mean estimate of $1.76 a share. Shares were up $1.91, or 5.2%, to $38.91.
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