continued to slide, down $4.49, or 3.3%, to $131.11 in recent trading.
The stock is now down 6.4 percent since the company announced sluggish iPod sales and a disappointing forecast for the current quarter earlier in the week.
For the current quarter, Apple is forecasting $6.8 billion in revenue and EPS of 94 cents. Analysts were expecting $6.98 billion in revenue and EPS of $1.09.
was up 35 cents, or 1.33%, to $26.65.
The Sunnyvale, Calif., company posted strong sales of its networking equipment in the fourth quarter.
Sales were up 36 percent to $809 million from $595 million in the prior year. Net income was $504 million, or 87 cents a share, compared to $440 million, or 73 cents a share, in the year-ago quarter.
surrendered 9.1% to $35.44 even though the Santa Monica, Calif., bank came in above targets with income of $8.4 million, or 61 cents a share. As is the case with so many other banks these days, that represents a severe year-on-year decline -- some 75% -- as its loan-loss provision more than quadrupled sequentially to $21 million, in line with guidance issued earlier this month. Analysts had sought earnings of 59 cents a share, according to Thomson Financial.
, on the other hand, jumped 6% after the online broker predicted a "return to profitability" this year, with intentions to slice off $360 million in expenses and accumulating excess cash "approaching $1 billion" in its banking unit by the end of the year. In November, E*Trade announced a
$2.5 billion capital infusion from a group led by Citadel Investment Group, a deal that included the sale of its wrecked $3 billion portfolio of asset-backed securities.
E*Trade's most recent results, as expected, were
fairly miserable. Due to its foundering banking business, the firm's fourth-quarter loss came to $1.71 billion, or $3.98 a share -- even worse than Wall Street's rather pessimistic estimates for a $2.90 shortfall. That also reverses last year's profit of $176.7 million, or 40 cents a share. E*Trade's banking business is largely to blame, with asset losses and impairments reaching roughly $2.45 billion. It also recorded a loan-loss provision of $640 million for the year.
Shares of the New York-based company were recently up 21 cents at $3.69.
, a wholesale distributor of specialty technology products, saw shares climb 19.2% to $30.63 on the conclusion of an
Securities and Exchange Commission
investigation, second-quarter earnings and an upgrade. The company announced Thursday after the close that the SEC had determined that no enforcement action was recommended regarding its historical stock option grant practices.
Canadian organic food concern
fell 36.7% to $6.05 on frenzied volume. On Thursday evening, the company chopped its full-year 2007 EPS outlook to between 12 cents and 14 cents from a previous range of 35 cents to 40 cents. Wall Street is expecting EPS of 34 cents. SunOpta is investigating adjustments related to its Fruit Group berry operations, and may have to revise previous financial statements. Northland Securities piled on, downgrading the stock to market perform from outperform.
This article was written by a staff member of TheStreet.com.