Wednesday's Early Winners & Losers

ICF International (ICFI Quote) surged nearly 21% in after-hours trading Tuesday as the consulting firm swung to a fourth-quarter profit of $9.2 million, or 65 cents a share, on revenue that more than doubled year over year to $113.9 million. Analysts polled by Thomson Financial were looking for 30 cents a share on $100 million in revenue; year-ago losses had totaled $1 million, or 11 cents a share.

The Fairfax, Va., company also projected 2007 revenue of between $480 million and $520 million, which would handily beat the $399 million consensus. Shares were rising $3.39 to $19.60 in recent after-hours action.

Oracle (ORCL Quote) said it earned $1.3 billion, or 25 cents a share (on a non-GAAP basis), up from year-ago income of $1 billion, or 19 cents a share. The Street was seeking 23 cents a share. Revenue shot up 26% from last year, sliding past the mean target by $117 million. The Redwood City, Calif., application-software maker was gaining 72 cents, or 4.1%, to $18.27.

Adobe Systems (ADBE Quote), which develops software for Web design, publishing and other uses, was flying high on better-than-expected results for the quarter ended March 2. Excluding items, earnings came to $182.3 million, or 30 cents a share. This represents a 2-cent per-share decline from last year, but it beats consensus by a penny. Shares were gaining $1.30, or 3.2%, to $42.04.