Friday's Early Winners & Losers: Deckers Outdoor

The footwear company is off and running.
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Visicu

(EICU)

surged in after-hours trading Thursday after the health care-information technology company reported a boost in third-quarter revenue and raised its full-year guidance. The Baltimore-based company reported net income of $2.5 million, or 7 cents a share, compared with $11.4 million, or 42 cents a share a year ago.

Net income for the third quarter of 2005 included an income tax benefit of $11.3 million. Revenue totaled $8.2 million, up 68% from a year ago. Analysts polled by Thomson First Call were looking for earnings of 4 cents a share on sales of $7.7 million. Looking ahead, the company raised its guidance for 2006. Visicu now expects revenue to increase by 63% to 64%, up from an earlier forecast of 53% to 56%. Shares were trading up $2.28, or 30.3%, to $9.80.

Deckers Outdoor

(DECK) - Get Report

advanced after the Goleta, Calif.-based footwear company beat Wall Street's third-quarter expectations and raised its outlook for the rest of the year. The company reported net income of $10.6 million, or 83 cents a share, handily beating the 54-cent Thomson First Call analyst estimate, as well as the company's own guidance range of 51 cents to 54 cents a share.

Last year, Deckers reported net income of $8.2 million, or 63 cents a share. The company posted third-quarter net sales of $82.3 million, compared with $69.2 million a year ago, and well ahead of the analyst estimate of $73.8 million and its own previous guidance range of $71 million to $74 million.

Gross margin increased to 45.2% from 42% a year ago. Deckers raised its fourth-quarter sales guidance to a range of $107 million to $110 million and its EPS to $1.27 to $1.30, up from a previous forecast of $103 million to $106 million and $1.23 to $1.26, respectively. Wall Street is looking for fourth-quarter earnings of $1.26 a share on $105.9 million in revenue.

On a full-year basis, the company raised sales guidance to a range of $287 million to $290 million, from its previous range of $272 million to $278 million. It also raised its full-year EPS estimates to a range of $2.75 to $2.78, compared with previous expectations of $2.39 to $2.45. Analysts are expecting $2.46 a share in earnings on $277.4 million in revenue. Shares were trading up $4.84, or 9.8%, to $54.26.

Silicon Image

(SIMG)

tumbled after the Sunnyvale, Calif.-based chip company warned of soft fourth-quarter sales. The company made $8 million, or 9 cents a share, for the quarter ended Sept. 30, down from the year-ago $9 million, or 12 cents a share. Excluding certain items, latest-quarter earnings were 24 cents a share, 3 cents ahead of the Thomson Financial analyst consensus estimate. Revenue rose to $78 million from $56 million a year earlier, beating the $77.6 million Thomson estimate. But the company said it expects revenue for the fourth quarter ending Dec. 31 to fall 3% to 5% sequentially, "due to normal seasonality for semiconductor sales in the consumer-electronics market." Analysts were looking for revenue of $79 million. Shares sank $1.84, or 13%, to $12.50.

Netgear's

(NTGR) - Get Report

soared after the Santa Clara, Calif.-based wireless-home-networking specialist beat Wall Street's third-quarter earnings expectations. The company posted an adjusted profit of $11.9 million, or 37 cents a share. Those numbers compare with pro forma earnings of $10.5 million, or 30 cents a share, in the second quarter, and $9.1 million, or 27 cents a share, a year ago. Analysts were looking for 32 cents. Sales totaled $151.6 million, up 36% from a year ago. Street expectations called for a top line of $140.4 million. Looking ahead, Netgear said fourth-quarter sales will be in the range of $153 million to $160 million. Analysts were looking for fourth-quarter revenue of $148.3 million. Shares were trading up $3.01, or 12.7%, to $26.65.

Hittite Microwave

(HITT)

plummeted after the Chelmsford, Mass.-based company, which makes chips for radio-frequency devices, beat Wall Street's third-quarter expectations, but came up short on the fourth-quarter revenue guidance. The company reported net income of $11.6 million, or 37 cents a share, compared with $5 million, or 17 cents a share, a year ago. Net income for the third quarter of 2006 reflects equity-based compensation expense of $742,000. Revenue increased 63.5% over the year-ago period to $34.6 million. Wall Street was looking for earnings of 34 cents a share on revenue of $34.4 million.

Looking ahead, Hittite Microwave said it expects fourth-quarter income in the range of $10.4 million to $10.8 million, or 33 cents to 34 cents a share, including equity-based compensation expense. Revenue is expected to range from $34 million to $35 million. Wall Street is looking for earnings of 34 cents a share on revenue of $35.8 million. Shares were falling $4.37, or 10.2%, to $38.30.