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

Tuesday's Early Winners & Losers

Verint Systems (VRNT - Get Report) slid nearly 4% in after-hours trading Monday as the software maker posted disappointing top-line results for the quarter ended Oct. 31. The Melville, NY-based company pulled in only $95.2 million, a 21.6% climb that nonetheless fell short of Wall Street's $96.7 million estimates, according to Thomson Financial.

Verint called the results preliminary because of an internal investigation by Comverse Technology, the company's majority shareholder, into Comverse's stock-option grant practices. Verint shares were falling $1.28 to $33.00.

ADDvantage Technologies Group (AEY - Get Report) took a nosedive on plummeting earnings for the quarter and year ended Sept. 30 that, it says, are partly due to a devastating lack of hurricanes and tornadoes this season. For the quarter, the small Oklahoma-based company, which sells and repairs cable TV equipment, made just $1.3 million, or 5 cents a share, compared with $3.1 million, or 15 cents a share, a year ago. The analyst who follows the company was looking for 19 cents a share.

Revenues fell to $12.2 million from $16 million in the year-earlier period, a decline of which $1.1 million was attributed to the dearth in catastrophic storms, which apparently obviated much of the usual need for equipment replacement and repair. The company says $2.6 million of the reduction was due to the selling-off and discontinuation, respectively, of two of its biggest clients.

In full-year fiscal 2006, the company earned $4 million, or 39 cents a share, on revenue of $52.5 million. This compares with full-year income of $5 million, or 49 cents a share, on $50.3 million revenue in 2005. The company's analyst had sought full-year earnings of 54 cents a share on revenue of $58.1 million. Shares were losing $1.70, or 41%, to $2.45.

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
APC $93.68 0.00%
AEY $2.36 0.00%
DVN $65.92 0.00%
SGEN $36.13 0.00%
TXN $57.33 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs