Distributed Energy Systems (DESC Quote) dropped in after-hours action Wednesday as the Connecticut-based company broadened its fourth-quarter loss to 19 cents a share, excluding items, compared with a 9 cents per share loss last year.
Wall Street was looking for downside of 14 cents per share. Sales were up 25% year over year to $13.8 million, but this missed consensus estimates by $1.8 million. The company, which sells products for the energy industry, was off 19 cents, or 6.9%, to $2.57. Houston-based Men's Wearhouse(MW Quote), retailer of suits and other menswear, reported higher adjusted profits that topped Wall Street expectations. Earnings for the quarter ended Feb. 3 came to 81 cents a share -- 14 cents higher than last year and 6 cents past the consensus. Same-store sales were down 1.5% in U.S. locations, but added 9.8% in Canada, and total revenue was up 12% to $556.8 million. This was roughly in line with estimates. Looking ahead, fiscal 2007 adjusted earnings should range between $2.89 and $3 a share, or at least 9 cents above targets. Shares were gaining $2.10, or 4.9%, to $45.40. Zumiez (ZUMZ Quote) rose after the sports-apparel retailer said February revenue soared 43.9% to $20.7 million from a year ago, with a 12.4% rise in same-store sales. This compares with a 28% leap in same-store sales last year. The Everett, Wash., company was up $1.86, or 5.8%, to $34.15. Hurray! (HRAY Quote) slumped after the China-based ring-tone purveyor said sales totaled $17 million, or $500,000 short of Wall Street expectations. The company also saw its fourth-quarter profits drop nearly in half from last year to 7 cents a share, or $1.6 million. That squares with targets, but shares still were down 15 cents, or 2.9%, to $5.10. Threshold Pharma (THLD Quote) lost ground as the Redwood City, Calif., drugmaker said it lost 26 cents a share on revenue of $384,000. This is an improvement over last year's losses of 44 cents on sales of $359,000. Both figures beat estimates, but shares were slipping 4 cents, or 2.5%, to $1.55.- Loading Comments...
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