This Day On The Street
Continue to site
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

Thursday's Winners & Losers: TiVo

Bond insurer MBIA (MBI - Get Report) eventually fought its way into the green after saying in a conference call that it has enough cash to stay afloat -- more than $1.3 billion, all told, according to MarketWatch -- despite the currently harrowing market conditions.

Earlier, shares had tumbled after MBIA revealed it took a fourth-quarter loss of $2.3 billion, or $18.61 a share thanks to risky investments in second-lien mortgages and collateralized debt obligations squared (CDOs backed by other CDOs). That reverses a year-ago profit of $1.32 a share. Regardless, MBIA stock was recently bouncing 5.7% to $14.76.

Among the big winners was MasterCard (MA - Get Report), which said fourth-quarter income rocketed to $304 million, or $2.26 a share, on revenue that sprang 27.8% higher year over year to $1.07 billion. Exluding after-tax gains, EPS came to 89 cents a share. Analysts polled by Thomson Financial had called for a profit of just 72 cents a share on $984.8 million in revenue. Shares of the Purchase, N.Y., credit-card company were surging 14.4% to $216.20.

In earnings, Accuray (ARAY - Get Report) dove $5.48, or 36.6%, to $9.50 Thursday after the company gave second-quarter results shy of expectations and cut its full-year sales outlook.

Accuray said that because of credit market issues fewer customers ordered its CyberKnife robotic surgery system, used to aim radiation at tumors in difficult-to-target parts of the body. The company reported fiscal second-quarter earnings of $2.3 million, or 4 cents a share, vs. a loss of $7.3 million, or 45 cents a share, a year ago. (The recent quarter includes stock-based compensation costs of 7 cents a share.)

TiVo (TIVO - Get Report) added $1.97, or 29%, to $8.77 after a U.S. appeals court ruled that Dish Network (DISH), formerly known as EchoStar Communications, infringed a TiVo patent and should pay TiVo $73 million in damages.

The decision from the U.S. District Court for the Eastern District of Texas settles the long-standing dispute between Echostar and TiVo, which had filed the suit in 2004.

Shares of Dish Network were down 15 cents to $28.24.

Amazon.com (AMZN - Get Report) rose $3.49, or 4.7%, to $77.70, a day after the company said it doubled its fourth-quarter profit and projected revenues for 2008 that were above analysts' estimates.

For the year, the company said it expects revenue between $18.75 billion and $19.75 billion. The Street's consensus estimate was $18.25 billion.

And, elsewhere, health-care products company Haemonetics (HAE - Get Report) said it earned $14.4 million, or 54 cents a share, vs. $16.9 million, or 62 cents a share, a year ago. But factoring out restructuring charges, the company said adjusted earnings came to 57 cents a share, on revenue that climbed 19% to $134.6 million.

Analysts polled by Thomson Financial expected a lesser profit of 53 cents a share on revenue of $124.6 million.

The company, which makes automated systems for blood donors, among other things, saw shares climb $4.64, or 9.4%, to $59.89.

Shares of Audible (ADBL), a Newark, N.J.-based provider of audio content over the Internet, cranked 22.4% higher to $11.42 on news that Web retail giant Amazon.com (AMZN - Get Report) would buy the company for $300 million, or $11.50 a share.

Interactive Intelligence (ININ - Get Report), an Indianapolis-based maker of software for voice over Internet protocol (VoIP), reported fourth-quarter non-GAAP earnings of $3.1 million, or 16 cents a share, vs. $2.1 million, or 11 cents a share, in 2006. Analysts polled by Thomson Financial were expecting a per-share loss of a penny. Revenue for the quarter gained 23% from the year-ago period to $29.3 million. Shares gained 20.5% to $16.38.

This article was written by a staff member of TheStreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
ARAY $9.12 0.00%
AMZN $445.10 0.00%
HAE $43.35 0.00%
ININ $44.04 0.00%
MA $90.72 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs