spiked after the closing bell Thursday on solid results for both the fiscal quarter and year ended Dec. 1. The software giant
met earnings estimates for the quarter, posting income of $197 million, or 33 cents a share (excluding items), compared with $151.5 million, or 30 cents a share, a year ago.
Fourth-quarter revenue rose 34% to $682.2 million, edging past the $670.8 million consensus. Full-year 2006 income, excluding items -- among them, costs associated with Adobe's December 2005 acquisition of Macromedia -- came to $752.5 million, or $1.23 a share. The figure compares with $575.1 million in earnings in full-year 2005, although it misses Thomson Financial estimates by a penny. Top-line figures totaled $2.58 billion for the year, a 31% gain over last year.
Looking ahead, the San Jose, Calif.-based company pegs non-GAAP income (which excludes the acquisition costs) at roughly 28 cents to 30 cents a share, on revenue of between $640 million and $670 million. Analysts are looking for per-share earnings of 31 cents on $652 million in revenue. Shares were up 99 cents, or 2.4%, to $41.80 in after-hours trading.
shares were riding high on solid 2007 earnings guidance and mushrooming gains in activity on its trading platforms. The New York-based online broker said it expects to earn $1.65 to $1.80 a share in 2007, in line with the $1.73 consensus estimate. November total daily average revenue trades, meanwhile, rose 9.3% from October to a total of about 166,000, and the company gained about 97,000 total new accounts -- about 57,000 of the trading/investing type, and the rest deposit/lending.
E*Trade has also decided to
switch the listing of its common stock to
New York Stock Exchange
. The change to new symbol "ETFC" is set to take effect on Dec. 26. Shares were up 49 cents, or 2.2%, to $23.25 after hours.
gained on nearly doubled profits in the quarter ended Oct. 31, and full-year results that met Wall Street estimates. The California-based sportswear maker met earnings estimates for the quarter, posting income of $65.3 million, or 51 cents a share (excluding items), compared with $33.6 million, or 27 cents a share, a year ago.
Revenue climbed 22% to $778.4 million, topping the $747.2 million mean estimate. Full-year 2006 income dipped 13% to 93 million, or 73 cents a share, though it still met projections, and revenue rose 33% to $2.36 billion. Shares were up 39 cents, or 2.7%, to $14.95 in after-hours trade.
Optical Communication Products
( OCPI) plummeted after the semiconductor company swung to a fourth-quarter loss. The Woodland Hills, Calif.-based company lost $1.4 million, or a penny a share, compared with year-ago income of $1.6 million, or a penny a share. The two analysts who follow the company were looking for a penny a share.
Revenue was up 29.2% to $19.1 million, which just skids by the $17.9 million estimate. The company saw a full-year profit of $1.4 million, or a penny a share, on revenue of $70.1 million, compared with $941,000, or a penny a share, a year ago. The earnings, however, fall short of estimates by 2 cents. Shares were down 35 cents, or 17.5%, to $1.65.
( DRTE) slid after the software maker posted dim earnings guidance both for the fourth quarter and for full-year 2007. The Bedminster, N.J.-based company said it expects fourth-quarter income to range from a loss of 3 cents a share to a profit of 3 cents a share, widely missing the per-share Street estimate of 9 cents.
Fourth-quarter revenue is in line with its previously forecasted range of $107 million to $112 million, which is at or above the $107.1 million sought by analysts, and full-year revenue estimates -- at $430 million to $445 million -- just about meet the $445.6 million estimate. Its 2007 earnings are expected to total about 45 cents to 52 cents a share, a range that would miss estimates by at least 4 cents. Shares were down 54 cents, or 4.5%, to $11.45.
dropped on news that the Clearwater, Fla.-based company, which sells computer parts, is publicly offering $325 million in convertible senior debentures due 2026. The deal's underwriters will have an option to buy an additional $25 million to cover any overallotments. A debenture is a type of debt that not secured by physical assets or collateral but, rather, only by the credit strength of the issuer. Shares were down $1.38, or 3.4%, to $38.81.