Commerce Energy (EGR Quote) jumped more than 10% in after-hours trading Thursday as the Costa Mesa, Calif., company swung to a profit of $2.5 million, or 9 cents a share, in the quarter ended Jan. 31. That compares with last year's losses of $4.1 million, or 13 cents a share. Revenue shot up 28% to $92.6 million.
The utility company also boosted its full-year 2007 outlook, now expecting to earn between 11 cents and 14 cents a share. Prior guidance had pegged profits at 2 cents to 7 cents a share. Shares were leaping 18 cents, or 10.4%, to $1.94. DXP Enterprises (DXPE Quote), which sells services to industrial customers, posted fourth-quarter earnings that were 69% higher than last year. The company earned $3.5 million, or 61 cents a share. Sales surged 45% to $79.4 million. Analysts polled by Thomson Financial were looking for 54 cents a share on $76.9 million in revenue. Shares of the Houston-based company were adding $2.89, or 8.8%, to $35.89. Comtech (COGO Quote) said fourth-quarter earnings came to $4.6 million, or 13 cents a share, compared with $3.5 million, or 11 cents a share, a year ago. Sales added 44% from last year to $48.5 million. The China-based company, which makes module designs for electronics manufacturers, lifted 2007 guidance as well. Comtech now expects to earn 67 cents a share -- 2 cents more than it did before -- and says its top line will likely range between $210 million and $215 million, up from its earlier prediction of $200 million to $210 million. Shares were up 70 cents, or 4.5%, to $16.20.- Loading Comments...
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