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!

Thursday's Late Winners & Losers

A number of tech stocks were mired in the red after the close Thursday, but emerging as a winner was Alcoa (AA).

The Pittsburgh aluminum maker announced it will sell its packaging and consumer business, having "received strong indications from strategic buyers." The company also said it is closing in on a deal to sell its automotive castings business. The transactions should close by early 2008 and year-end, respectively.

The company also set plans to "significantly restructure" its electrical and electronic solutions business in the Americas and Europe. For all of the above, it will incur third-quarter charges totaling around $845 million. Shares traded up 0.9% to $38 in recent after-hours action.

On the flip side, Research In Motion (RIMM) traded choppily despite in-line fiscal-second-quarter financials. The BlackBerry maker said earnings doubled from last year to 50 cents a share, or $287.7 million, and revenue more than doubled to $1.37 billion.

Still, investors were disappointed with the relatively ho-hum results, and shares of the Canadian company were recently losing 2.1% to $98.42.

One of the biggest price decliners after-hours was SupportSoft (SPRT), which makes software for tech-problem resolution.

Shares fell 17.7% to $5.21 after the Redwood City, Calif. company lowered its 2007 bottom-line outlook to a non-GAAP loss of between 35 cents and 37 cents a share. That compares with the prior loss range of between 31 cents and 35 cents a share, and would come in at least a penny under the mean Street target.

SupportSoft also narrowed its expected third-quarter EPS loss, now expecting a loss of between 8 cents and 10 cents a share, instead of between 9 cents and 11 cents a share. The new range leans to the low end of consensus.

Fellow tech stock, Lawson Software (LWSN) also issued soft guidance. The St. Paul, Minn. maker of business-application software projected a non-GAAP profit of 6 cents to 8 cents a share in the fiscal second quarter, which dips under the consensus range.

Lawson also reported 7-cent per-share income to beat first-quarter estimates , but shares were still off 65 cents, or 5.9%, to $9.70.

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