Early Stocks in Motion

Plum Creek rallies on earnings.
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Plum Creek Timber

(PCL)

reported earnings of $69 million, or 37 cents a share, for the second quarter ended June 30, compared with $57 million, or 31 cents a share, a year ago. Revenue for the quarter was $358 million, up from $341 million last year. Analysts expected a profit of 31 cents a share on revenue of $327.9 million, according to Thomson First Call. Looking ahead, the company expects income from continuing operations of $1.65 to $1.75 a share. The stock was up $1.44, or 3.96%, to $37.80 in after-hours trading.

ON Semiconductor

(ONNN)

swung a profit of $18.5 million, or 5 cents a share, for the second quarter ended July 1, versus a loss of $3.5 million, or 2 cents a share, a year ago. Revenue for the quarter was $302.8 million, down from $333.5 million. According to Thomson First Call, analysts expected a profit of 5 cents a share on revenue of $303.1 million. The stock was up 24 cents, or 4.79%, to $5.25 in after-hours trading.

Avaya

(AV)

said it earned $194 million, or 40 cents a share, for the third quarter ended June 30, versus $61 million, or 13 cents a share, a year ago. Included in the latest quarter's results was a favorable impact of $123 million related to a settlement of certain tax matters and other deferred tax adjustments, the company said. Excluding items, the company earned 14 cents a share. Revenue for the quarter was $1.24 billion. Analysts expected earnings of 12 cents a share on revenue of $1.25 billion, according to Thomson First Call. The stock was up $1.06, or 11.48%, to $10.29 in after-hours trading.

Archipelago Holdings

(AX) - Get Report

reported earnings of $3 million, or 6 cents a share, for the second quarter ended June 30, down from $17.3 million, or 42 cents a share, a year ago. Included in the latest results was an $8.4 million expense in relation with its merger of the

NYSE.

Excluding these items, the company earned 17 cents a share. The electronic exchange said revenue for the quarter was $127.8 million. Analysts forecasted a profit of 25 cents a share on revenue of $135.8 million. The stock was unchanged at $40.98.

Netflix

(NFLX) - Get Report

reported strong earnings for the second quarter ended June 30 of $5.7 million, or 9 cents a share, up from $2.9 million, or 4 cents a share, a year ago. Revenue for the quarter was $164.5 million. Excluding certain items, the company earned 14 cents a share. Analysts polled by Thomson First Call expected a profit of a penny a share on revenue of $164 million. "Looking at the second half of 2005, we're confident of hitting four million subscribers by year's end and expect to reach that milestone profitably and as the clear-cut market leader," said Reed Hastings, cofounder and CEO. The stock was up $1.85, or 10.9%, to $18.81 in after-hours trading.