Today's Early Winners and Losers

Candela(CLZR Quote) gained nearly 14% in after-hours trading Tuesday after the medical laser maker posted better-than-expected fiscal second-quarter results. Candela's income for the December period rose to $4.5 million, or 19 cents a share, from $1.7 million, or 7 cents a share, a year earlier. Analysts polled by Thomson First Call were expecting earnings of 12 cents a share. The company's second-quarter revenue jumped 34% to $37.7 million, beating analysts' target of $33.4 million. Candela gained $2.04 to $17.01 in late trading.

Shares of Select Comfort(SCSS Quote) climbed after the bed retailer reported a 52% rise in fourth-quarter income, beating Wall Street's target. The company posted earnings of $15.8 million, or 42 cents a share, up from $10.4 million, or 27 cents a share, a year earlier. Analysts were expecting earnings of 37 cents a share. Sales increased 26% to $187.9 million from $148.6 million, beating analysts' forecast of $185.1 million.

Select Comfort projected 2006 earnings of $1.30 to $1.37 a share, including 10 cents to 11 cents in costs from stock-based compensation. Analysts predict earnings of $1.30 a share. Select Comfort gained $2.01, or 7.3%, to $29.61 in after-hours trading. ...