Take-Two Interactive

(TTWO) - Get Report

shares plunged in after-hours trading Monday after the video-game software publisher lowered its fiscal 2005 and fiscal 2006 guidance, citing unexpected delays related to its

Grand Theft Auto: Liberty City Stories

title and lower-than-anticipated retailer orders of new releases.

Take-Two now expects to earn 53 cents to 56 cents a share on sales of $1.18 billion to $1.185 billion for the fiscal year that ended Monday. The company had previously predicted earnings per share of $1.05 to $1.30 and sales of $1.4 billion to $1.5 billion. Analysts were expecting earnings of 86 cents a share and revenue of $1.24 billion, according to Thomson First Call. For fiscal 2006, Take-Two expects to earn $1.15 to $1.45 a share on revenue of $1.35 billion to $1.45 billion. Wall Street's forecast calls for earnings of $1.35 a share and sales of $1.4 billion. The stock tumbled $1.94, or 9.4%, to $18.71 in after-hours trading.

Echelon

(ELON)

said its third-quarter loss widened to $10.1 million, or 25 cents a share, from $400,000, or a penny a share, a year ago. Excluding items, the company had a loss of $4.8 million, or 12 cents a share, better than analysts' mean estimate of 13 cents a share. The San Jose, Calif., company said revenue declined to $16.3 million from $22.7 million last year. Analysts expected revenue of $16.5 million, according to First Call. For the fourth quarter, Echelon projects revenue of $18 million, plus or minus $1 million, compared with Wall Street's forecast of $19.1 million. The stock was down 50 cents, or 6.5%, to $7.25 in after-hours trading.

Rackable Systems

(RACK)

swung to a third-quarter profit of $4.4 million, or 20 cents a share, reversing a year-earlier loss of $15.9 million, or $3.34 a share. Excluding items, the company earned $4.8 million, or 22 cents a share. The results on that basis were well above analysts' expectation for a profit of 12 cents a share. The provider of servers and storage products said revenue for the quarter rose nearly 70% to $57.4 million from $33.9 million last year, surpassing Wall Street's target of $52.7 million. The stock jumped $1.09, or 7.8%, to $14.99 in after-hours trading.

Intevac

(IVAC) - Get Report

said it earned $6.2 million, or 29 cents a share, for the third quarter, up from $1.4 million, or 7 cents a share, a year ago. The supplier of disk sputtering equipment said revenue rose to $43.5 million from $35 million last year. The results beat analysts' forecasts for earnings of 25 cents a share and revenue of $38.2 million. "In Q3, we also demonstrated continuing progress on our product cost reduction activities, which led to higher gross margins and improved financial performance relative to 2004" said Kevin Fairbairn, CEO of Intevac, in a statement. The company's stock surged $2.14, or 23.4%, to $11.28 after hours.

Animas

(PUMP) - Get Report

said its third-quarter net income fell to $418,000, or 2 cents a share, from $2.8 million, or 14 cents a share, a year ago. The maker of insulin infusion pumps said revenue for the quarter dropped to $21.7 million from $22.7 million. Analysts polled by First Call expected earnings of 5 cents a share and revenue of $22.3 million. Looking ahead, the company forecast revenue of $22.5 million to $24 million for the fourth quarter, shy of analysts' average projection of $25 million. Animas shares fell $1.95, or 11.9%, to $14.50 in after-hours trading.

Hughes Supply

(HUG)

raised its third-quarter earnings estimate, citing strong demand across most of its businesses. The distributor of construction products anticipates reporting third-quarter earnings of 66 cents to 68 cents a share, up from its prior estimate of 58 cents to 60 cents a share. Hughes now sees revenue in the range of $1.48 billion to $1.49 billion, compared with a prior estimate of $1.35 billion to $1.36 billion. Analysts predict earnings of 59 cents a share on revenue of $1.35 billion, according to First Call.

Hughes also said it is exploring strategic options to maximize shareholder value. "After considering various factors, including our company's continued strong performance, our enviable market position and product portfolio, and the acceleration of industry consolidation, the Board unanimously determined that now is an appropriate time to evaluate all strategic alternatives," said President and Chief Executive Tom Morgan in a statement. The stock jumped $2.45, or 7.3%, to $35.90 in after-hours trading.

Mentor Corp.

(MNT)

said it earned $12.1 million, or 25 cents a share, for the second quarter ended Sept. 30, down slightly from $12.5 million, or 26 cents a share, a year earlier. The medical products supplier said revenue rose 5% to $114.3 million from $108.8 million last year. Analysts, on average, expected a profit of 25 cents a share and revenue of $114.7 million. For fiscal 2006, the company expects to earn $1.60 to $1.65 a share on sales growth at a low-double-digit rate over sales the prior year. Wall Street's targets call for earnings of $1.59 a share and sales of $532.5 million. Mentor shares rose a penny to $45.01 in after-hours trading.

Mills Corp

(MLS)

warned that it expects third-quarter results to be "substantially below" expectations and delayed its earnings release until next week. The real estate investment trust, which had been scheduled to report results Tuesday, moved its earnings conference call to Nov. 9, saying that it needs additional time to evaluate the accounting for several items. Analysts, on average, expect the company to post funds from operations of $1.06 a share for the third quarter. Mills shares sank $4.50, or 8.4%, to $49 after hours.