This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Wednesday's Late Winners & Losers

Stocks were mixed after the bell Wednesday, awash in various earnings news, and leading the gainers were several tech firms.

Juniper Networks (JNPR - Get Report) was one of the most actively traded winners after the Sunnyvale, Calif., networking-equipment maker said it earned $116 million, or 20 cents a share, in the second quarter (on a non-GAAP basis). This squares with Street expectations, per Thomson Financial, and represents a 2-cent per-share gain on last year. Shares were up 3.8% to $27.75 in recent after-hours trading.

Florida's Citrix Systems (CTXS - Get Report), another tech name, jumped 8.6% to $38.35 after second-quarter revenue shot up by 21.4% to $334 million -- $28.8 million over estimates. Skyworks Solutions (SWKS - Get Report), a semiconductor firm based in Woburn, Mass., added 1.8% on word pro-forma per-share income more than doubled to 11 cents a share in that quarter. Analysts were seeking 9 cents.

The financial sector also served up a winner in Washington Mutual (WM - Get Report). The Seattle-based bank was 3.3% higher at $43 on a 3-cent per-share earnings beat in the second quarter, making 92 cents a share vs. 79 cents last year. Elsewhere, Cubist Pharmaceuticals (CBST - Get Report) shares leapt 13.2% to $22.63 after swinging to a profit and handily beating estimates.

But on the flip side was another health-care name, ICU Medical (ICUI - Get Report). The California-based medical-equipment maker was off 5.6% after its per-share profit plunged to 16 cents a share, or $2.5 million, from 40 cents a share last year. Shares were lately trading at $38.61.

Also hurting after hours was Knoll (KNL - Get Report), which makes office furniture and textiles, after issuing soft guidance. The Pennsylvania-based company topped second-quarter earnings by a penny a share, but pegged adjusted third-quarter revenue at just $243 million to $253 million. Analysts are calling for $268 million. Third-quarter earnings should also lean to the lower end of the consensus. Shares were down $2.09, or 9.3%, to $20.39.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

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