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These 4 Companies Are Tearing Up Markets Today

NEW YORK (TheStreet) -- Expedia (EXPE), Alcatel-Lucent (ALU) Atmel  (ATML) and Carbo Ceramics (CRR) soared in Thursday trading on earnings surprises.

Expedia

Expedia shares enjoyed a sharp rise a day after reporting better-than-expected earnings. Share value spiked 18% to $58.94 by Thursday afternoon.

Earnings of $1.43 a share beat the $1.35 a share expectation of analysts surveyed by Yahoo! Finance. Revenue of $1.4 billion surpassed expectations by $30 million and grew 17% year over year.

The Washington state-based company said revenue growth was driven by 20% year-on-year increases in hotel room bookings, as well as advertising profits. International sales, which increased 23% year on year excluding exchange rates, contributed 49% to total revenue, higher than 46% a year earlier.

Bank of America upgraded the stock to "buy" and revised its price target to $75 from $60, due to "accelerating bookings in 3Q and sector multiple expansion." Benchmark reiterated its "buy" rating and revised its price target to $73 from $66.

TheStreet Ratings team rates EXPEDIA INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXPEDIA INC (EXPE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

Alcatel-Lucent

French telecommunications company soared 17.4% to $3.87, after it managed to narrow third-quarter losses to 200 million euros from 316 million euros a year earlier. Revenue of 3.67 billion euros ($5.05 billion) increased 7% year over year, driven by a 14% lift in North American sales.

Analysts surveyed by Thomson Reuters had expected a net loss of 139.4 million euros and 3.6 billion euros in revenue.

CEO Michel Combes has been making aggressive moves to turn the company around. By 2015, the phone equipment maker will have cut 10,000 jobs, saving 1 billion euros and reducing fixed costs by more than 15%.

TheStreet Ratings team rates ALCATEL-LUCENT as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate ALCATEL-LUCENT (ALU) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity and feeble growth in its earnings per share."

Atmel Corporation

Atmel Corporation surged after reporting earnings a day earlier. By Thursday afternoon, shares had gained 10.9% to $7.30.

The company recorded earnings of 9 cents a share on $356.3 million in revenue, just shy of an expected $357.1 million.

The chipmaker also announced it was adding $300 million to its existing $700 million buyback program. Through the quarter, Atmel repurchased 4.6 million shares of stock for $7.52 a share.

Canaccord Genuity reiterated its "buy" rating and $9 price target.

TheStreet Ratings team rates ATMEL CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate ATMEL CORP (ATML) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."

Carbo Ceramics (CRR)

Carbo Ceramics far exceeded analyst expectations for its third quarter, driving shares 31.5% to $128.48 by 3:25 p.m. EDT.

The company, which provides equipment and services to the oil industry, posted earnings of $1.31 a share. Revenue of $201.5 million was 33% higher than a year earlier. Analysts surveyed by Yahoo! Finance anticipated 82 cents a share on $160.41 million in revenue.

"Third quarter revenue set a new high for the Company, driven by strong demand for CARBO's high quality, high conductivity ceramic proppant, combined with market share gains.  A quarterly record in ceramic sales volumes was also achieved, with ceramic proppant volumes up 41 percent sequentially while ceramic proppant pricing was relatively stable," said President and CEO Gary Kolstad in a statement.

TheStreet Ratings team rates CARBO CERAMICS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CARBO CERAMICS INC (CRR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."

Stock quotes in this article: EXPE, ALU, ATML, CRR 

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