Thursday's Late Winners & Losers
One of Thursday's biggest after-hours price gainers was small-cap software-games developer Silverstar (SSTR Quote), which soared 26.5% in heavy trading on positive fiscal fourth-quarter results.
Operating earnings before interest, taxes, depreciation and amortization totaled $4.6 million, or 45 cents a share, reversing a year-ago operating EBITDA loss of $572,000, or 6 cents a share. The Boca Raton, Fla.-based company also raked in 24.6% more revenue year-over-year to $12 million. Shares were up 65 cents to $3.10. Management-services firm Accenture (ACN Quote) was also in the green, after beating Wall Street estimates with fiscal fourth-quarter income of $421.7 million, or 50 cents a share, on a top line of $5.57 billion. Analysts polled by Thomson Financial were seeking 48 cents a share on $4.9 billion in revenue. Shares of the Bermuda-based company added 48 cents, or 1.3%, to $38.50 in recent after-hours action. On the downside, BigBand Networks (BBND Quote) tumbled 30.4%, after saying it will likely see an operating loss in the fiscal third quarter. The company sliced $19 million off its prior sales forecast to between $35 million and $39 million. Wall Street is seeking at least $17 million more. Shares of the Redwood City, Calif. communications-equipment maker slid $2.76 to $6.31. Focus Media (FMCN Quote), a China-based advertising-network operator, pegged third-quarter non-GAAP earnings at 41 to 43 cents per American depositary share, which leans to the low end of the 43-cent consensus. However, the company also sharply raised its full-year sales expectation and beat on both top and bottom lines for the second quarter. Shares jumped immediately after the close but were recently sinking 1.9% to $58.- Loading Comments...
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