Tuesday's Winners & Losers: Qimonda
Memory chip maker
Qimonda
(QI)
was up 67 cents, or 18.5%, to $4.30 following news that
LDK Solar
(LDK)
has signed a five-year contract to supply multicrystalline solar wafers to Qimonda. Qimonda said Monday it has partnered with German company
Centrosolar
to enter the market for solar cells.
Advanced Micro Devices
(AMD) - Get Report
gained 60 cents, or 9.2%, to $7.13
that the company will soon reveal its strategy to restructure its manufacturing efforts in a bid to lower costs.
Human Genome Sciences
(HGSI)
fell 8% to $6.10 Tuesday after releasing its quarterly results after Monday's market close. The company narrowed its loss to $46.9 million, or 35 cents a share, from 38 cents a share in the 2007 quarter, and reported a 33% rise in revenue to $12.3 million. However, Wall Street analysts expected a narrower loss of 19 cents a share on revenue of $14.9 million.
Faring better,
McKesson
(MCK) - Get Report
said Monday post close that its fourth-quarter profit also beat Wall Street estimates, rising to $307 million, or $1.05 a share, up from $257 million, or 85 cents a share, in the year-ago period. Revenue increased 9% to $26.23 billion, close to its part of the Thomson Financial consensus target of $1 a share on revenue of $26.83 billion.
The company, which serves the healthcare industry, said it expects to earn between $3.75 and $3.90 a share for the year, while analysts had estimated $3.78 a share, on average. Shares were up 7.8% at $58.29 Tuesday.
Idearc
(IAR)
, which makes phone books, saw shares rise 46% to $4.86. The Dallas-based company reported first-quarter pro forma income of $116 million, or 79 cents a share, vs. $119 million, or 82 cents a share, a year ago. Analysts polled by Thomson Financial were expecting EPS of 63 cents. Shares of Cary, N.C.-based fellow phone-book maker
R.H. Donnelley
(RHD)
also rallied, climbing 29% to $6.29.
New York staffing and management services provider
Hudson Highland
(HHGP)
rocketed up 16.5% to $10.46. The company posted net income of $1.4 million, or 5 cents a share, up from $100,000, or zero cents a share, a year ago. Analysts had forecast a loss of 5 cents a share. It guided for second-quarter 2008 revenue between $300 million and $315 million, ahead of the consensus estimate of $289.3 million.
This article was written by a staff member of TheStreet.com.