Winners and Losers: First Solar
Updated from 3:40 p.m. EST
Shares of DineEquity(DIN Quote) jumped 13% after the restaurant operator on Wednesday reported strong results in the fourth quarter. DineEquity was recently trading at $6.67, up 77 cents. The Glendale, Calif.-based operator of Applebee's and IHOP reported a loss of $136.9 million, or $8.15 per share. But excluding writedowns, the company made 34 cents a share while analysts had expected a loss of 6 cents. SeaBright Insurance(SBX Quote) rose $1.25, or 15.4% to $9.35 after an upgrade from Friedman Billings to outperform from market perform. On Tuesday, SeaBright reported a lower quarterly profit, but revenue increased 5% to $267.3 million, compared with $254.4 million for the same period in 2007.
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