Wednesday's Late Winners & Losers
Stocks were trending lower after the close Wednesday, despite a heavily traded
(SBUX), which climbed 2.6% on
The Seattle-based coffee chain said it made $158.3 million, or 21 cents a share, vs. 18 cents a share last year. Same-store sales were up 4% and total revenue, at $2.36 billion, was just under consensus. Shares climbed 70 cents to $27.90.
Joining Starbucks in the green was Sirenza Microdevices (SMDI). The Colorado semiconductor maker reported pro forma earnings of 17 cents a share in the second quarter. That beat the comparable period last year by a penny and the average analyst estimate by 3 cents, according to Thomson Financial. Shares jumped $1.08, or 9.7%, to $12.20.
California's Invitrogen (IVGN), meanwhile, bounced 7% to $76, after careening past Wall Street expectations with continuing-operations income of $1.15 a share. Analysts were looking for 76 cents a share.Among those on the downswing, however, was California-based semiconductor concern Atmel (ATML). The company broke even with a $678,000 profit in the second quarter on sales of $404.2 million. Analysts were looking for penny-a-share income on $402.6 million in sales. Shares were off 1.9% to $5.20. Elsewhere, CompuCredit (CCRT), based in Atlanta, was shedding 3.2% to $24.50 after swinging to a second-quarter loss. The company lost $11 million, or 23 cents a share, compared to a profit of $28.3 million, or 56 cents a share in the year-ago period. And video-game developer Electronic Arts (ERTS) saw jumpy trading on a
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