Smart Modular Technologies

( SMOD) soared in after-hours trading Thursday after the Fremont, Calif.-based company, which makes memory modules, beat Wall Street's fourth-quarter earnings expectations.

The company posted earnings of $15.7 million, or 25 cents a share, compared with $8.65 million, or 16 cents a share, a year ago. Sales surged 39% to $197 million. Analysts polled by Thomson First Call had expected the company to report earnings of 18 cents a share on revenue of $196.8 million. For the full year, the company reported earnings of $32.3 million, or 55 cents a share, compared with $26.2 million, or 49 cents a share for fiscal year 2005.

Sales totaled $707.4 million, up 16% from the previous year. Looking ahead, the company said it expects first-quarter sales to be in the range of $200 million to $210 million and earnings in the range of 19 cents to 20 cents a share. Wall Street is looking for earnings of 19 cents a share on $205 million in sales. Smart Modular was trading up 77 cents, or 7.72%, to $10.75.

Hartmarx

( HMX) plummeted after the Chicago-based suitmaker slashed full-year earnings guidance, citing department store consolidation. The company made $490,000, or a penny a share, for the third quarter ended Aug. 31, down from the year-ago $6.6 million, or 18 cents a share. Sales fell to $139 million from $153 million a year earlier.

Hartmarx said it expects to make 8 to 10 cents a share for the fourth quarter and 28 to 30 cents for the year. Sales will be around $156 million for the quarter and $590 million for the year. The company had earlier forecast a profit of 50 to 55 cents a share on sales of $610 million to $615 million for the year.

"We are committed to reducing sales to the mainstream department store channel from 27% of total revenues in 2005 to roughly half of that in 2007," Hartmax said. "At the same time, we continue to look for opportunities to redeploy those assets." Shares were tumbling $1.40, or 18.18%, to $6.30.

Corel

( CREL) surged after the Ottawa-based software company swung to a third-quarter profit. The company posted earnings of $5.5 million, or 22 cents a share, compared with a loss of $3 million, or 15 cents a share, a year ago. Excluding items, Corel earned 36 cents a share, compared with 24 cents a year ago. Revenue increased 7% to $41.3 million. Wall Street was looking for earnings of 31 cents a share on revenue of $40.1 million.

Looking ahead to the fourth quarter, the company said it expects earnings of 40 cents to 45 cents a share, excluding items, and revenue ranging from $46 million to $48 million. Analysts are calling for earnings of 43 cents a share on revenue of $45.2 million. For fiscal 2006, the company is expecting income of $1.48 to $1.52 a share and revenue in the range of $175.8 million to $177.8 million. Analysts are forecasting earnings of $1.44 a share on $173.8 million in revenue. Shares were climbing $1.75, or 15.42%, to $13.10.

Electro Scientific Industries

(ESIO) - Get Report

slipped after the Portland, Ore.-based electronics company posted a rise in earnings, but came up short on revenue guidance. The company posted first-quarter income of $6.8 million, or 23 cents a share, up from $1.3 million, or 5 cents a share, a year ago. Sales totaled $60.2 million, up 35% from a year ago. Wall Street was looking for earnings of 19 cents a share on $59 million in sales. Included in the first-quarter 2007 results was $600,000 in stock-based compensation expense, and a $1.3 million insurance recovery that reduced operating expenses in the quarter. Looking ahead, Electro Scientific said it expects second-quarter revenue to range from $50 million to $60 million. Wall Street is forecasting revenue of $59.4 million. Shares were trading down $1.59, or 7.12%, to $20.75.

Tibco Software

(TIBX)

slipped after the Palo Alto, Calif.-based business software maker reported a drop in third-quarter profit. The company said net income fell to $11.3 million, or 5 cents a share, from $13.8 million, or 7 cents a share a year earlier. The latest quarter included $3.5 million in employee stock-based compensation expense. Excluding items, profit rose to $15.5 million, or 7 cents a share. Wall Street was expecting 6 cents a share. Revenue rose to $120.4 million from $105.9 million. Analysts were expecting $121.1 million. Shares were trading down 44 cents, or 4.95%, to $8.45.