This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Wednesday's Winners & Losers: Foster Wheeler

Updated from 12:02 p.m. EDT

Foster Wheeler (FWLT) was among the Nasdaq's winners Wednesday, as shares rose 20% after the engineering services company posted first-quarter results that easily beat Wall Street's forecast.

The company earned $114.8 million, or $1.60 a share, on revenue of $1.15 billion. Analysts polled by Thomson Financial expected earnings of 75 cents a share on revenue of $1.04 billion. "Both of our business groups delivered performance breakthroughs from the year-ago quarter," the company said. Shares closed up $14.60 to $87.75.

CompuCredit (CCRT) slid 9.3% after the finance company posted an unexpected first-quarter loss. The company reported a loss of $9.5 million, or 19 cents a share. Analysts had expected a profit of 21 cents a share. During the year-earlier quarter, the company posted a profit of $54.8 million, or $1.09 a share. "Factors adversely affecting our first quarter results included lower than expected fee assessments due to lower than expected delinquencies, the timing and extent of our marketing efforts, and the final transitional effects of implementing our previously announced decision to discontinue billing finance charges and fees on credit card accounts that become over 90 days delinquent," CompuCredit said. Shares closed down $3.57 to $34.75.

Shares of eFunds (EFD) jumped 12% after the payments services company said that it is reviewing its strategic options. The news helped offset disappointing first-quarter earnings results. The company said that it was recently approached by parties who are interested in exploring strategic alternatives that include merger opportunities.

As for the company's earnings, eFunds posted first-quarter earnings of $10.5 million, or 22 cents a share, on revenue of $134 million. Analysts expected earnings of 26 cents a share on revenue of $144.9 million. During the year-earlier period, the company earned $10.7 million, or 23 cents a share, on revenue of $139.7 million.

Looking ahead, eFunds sees full-year earnings falling to the low end of $1.30 to $1.42 a share. It sees revenue falling to the low end of $591 million to $613 million. Analysts project earnings of $1.35 a share on revenue of $599.7 million. Shares closed up $3.42 to $31.91.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs