Thursday's Late Winners & Losers

The most heavily traded stocks sank after hours Thursday, but strong earnings boosted a number of names nonetheless.

Among these was Intuit (INTU Quote), whose shares leapt 10.2% to $30.54 after the California-based business-services firm sailed past estimates for the quarter ended April 30. Non-GAAP profits totaled $399.1 million, or $1.13 a share, on revenue of $1.15 billion that was 21.2% higher than last year. Analysts polled by Thomson Financial were seeking $1.08 a share on $1.11 billion in sales.

Chinese ad agency Focus Media (FMCN Quote) made $22.7 million in the first quarter, or 21 cents per American depositary share, on a non-GAAP basis -- 8 cents higher per share than last year and 2 cents past targets. Shares traded 3.8% higher to $41.36.

Also among the postclose winners was UTStarcom (UTSI Quote). The Alameda, Calif., wireless-communications company said the Nasdaq has delayed its decision requiring that the company file past delinquent results by certain dates, and that the exchange probably won't delist UTStarcom's shares as it conducts a review of the situation.

UTStarcom, which failed to file on time due to a stock-option grant investigation said it will need to restate its 2000-06 results downward by only about $35 million, down $15 million from the initial estimate. Shares were up 1.5% to $7.13 in recent after-hours trading.

Semiconductor Marvell Technology (MRVL Quote) preliminarily reported revenue of $635.1 million for the quarter ended April 28 -- 21.9% higher than last year, albeit $10.6 million under consensus. After initially taking a fall, shares reversed to climb 1.5% at $17.26.

On the other hand, small-cap firm CalAmp (CAMP Quote) took a postbell beating on sinking fiscal fourth-quarter income -- 8 cents a share (adjusted) vs. 15 cents lat year -- and next-quarter guidance that falls far short of analysts' expectations. Shares of the Oxnard, Calif., wireless-products maker lately plummeted 23.4% to $5.99.

Massachusetts-based LTX (LTXX Quote) shed 4.2% to $5.45 after the semiconductor-test-equipment maker came in below the mean sales target for the quarter ended Feb. 28 and swung to a per-share loss of 13 cents, including a one-off 7-cent charge related to excess inventory. Last year the company had a 13-cent profit.