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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Digital River, Acme Packet: After-Hours Trading (Update 1)

Acme Packet

Shares of Acme Packet (APKT) fell in the extended session after the provider of networking software and equipment reported below-consensus quarterly results.

The Bedford, Mass.-based company posted non-GAAP earnings of $18.3 million, or 26 cents a share, on revenue of $83 million, falling short of the average estimate of analysts polled by Thomson Reuters for a profit of 28 cents a share on revenue of $85.2 million.

The stock was last quoted at $27.10, down 12.3%, on volume of 2.3 million, according to

The numbers were doubly disappointing because Acme Packet missed the lowered revenue estimate it provided on Jan. 3 when it gave a forecast for non-GAAP earnings of 26 to 28 cents a share on revenue of $84 million to $86 million.

At that time, the company attributed the weakness in its business to "uncertainty in the North American service provider market."

Based on Thursday's close at $30.89, the shares have lost more than 56% in the past year, scraping a 52-week low of $25.20 on Jan. 4.

Other stocks moving in late trades included Wynn Resorts (WYNN), which dipped 1.2% to $116.80 on volume of more than 450,000 after the casino operator's fourth-quarter revenue came in slightly below Wall Street's consensus view; Trimble Navigation (TRMB), which gained 10% to $53 on volume of more than 70,000 after the GPS technology company reported fourth-quarter earnings of 54 cents a share on revenue of $435.2 million, ahead of analyst expectations for a profit of 48 cents a share on revenue of $419.1 million; and Genworth Financial (GNW), which rose 6.2% to $8.54 on volume of more than 170,000 after the company reported net income of $107 million, or 22 cents a share, in its fiscal fourth quarter.

--Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

Stock quotes in this article: DRIV, APKT, WYNN, TRMB, GNW 
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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