surged in late trading Thursday after the digital-video storage company promised "significant revenue growth" for the year, even as it posted a wider first-quarter loss.
SeaChange reported a loss of $4.4 million, or 15 cents a share, for the quarter ended April 30. That was wider than the $600,000, or 2 cents-a-share loss, a year earlier. Revenue rose 5.5% to $33.2 million. However, President and CEO Bill Styslinger said SeaChange "will see significant revenue growth this quarter that will continue for the remainder of the year." Styslinger cited strong video-on-demand business and a projected pickup in broadcast-product revenue for the growth forecast. "We expect the first half of this year will be better than the second half of last year, and the second half of this year will be better still," he said. SeaChange shares jumped 71 cents, or 11%, to $6.94 in after-hours trading.
shares fell after the apparel maker lowered its fiscal fourth-quarter guidance. The company, citing higher-than-planned levels of returns and markdowns in its men's wear group, said it expects earnings of $1.64 to $1.69 a share for the quarter ending Friday. The results include a gain of 52 cents a share from the sale of its women's wear business. That gain wasn't included in the company's prior guidance of $1.22 to $1.27 a share. Oxford said sales likely will be at the low end of its previously projected range of $360 million to $370 million. Analysts polled by Thomson First Call forecast fourth-quarter earnings of $1.14 a share, before the gain, and revenue of $369 million.
For the first quarter, Oxford projected earnings of 60 cents to 65 cents a share, and revenue of $280 million to $290 million. Wall Street expects earnings of 68 cents a share and sales of $313 million. For all of fiscal 2007, the company predicted earnings of $3.25 to $3.40 a share, below analysts' estimate of $3.46. The company sees fiscal-year sales of $1.16 billion to $1.18 billion, compared with Wall Street's target of $1.27 billion. Shares sank $3.38, or 8.3%, to $37.05 in the after-hours session.
advanced in late trading after the military contractor's fiscal second-quarter profit beat analysts' expectations. The company reported income of $17.7 million, or 68 cents a share, for the quarter ended April 28, up from $13.1 million, or 52 cents a share, a year earlier. Sales jumped to $247.9 million from $211.6 million. Analysts were looking for earnings of 60 cents a share and sales of $245.5 million. Esterline shares climbed $1.30, or 4%, to $44.30 after hours.
said a data-safety monitoring board concluded that a trial for the company's pancreatic cancer treatment can continue to completion, sending shares surging after hours. According to the company, the monitoring committee could have recommended after the interim analysis to stop the trial early if there were major safety concerns in the treatment, glufosfamide. The company is evaluating glufosfamide as a second-line treatment of patients with metastatic pancreatic cancer. Threshold said it plans to announce top-line results at the end of the fourth quarter of this year. Shares jumped 58 cents, or 14%, to $4.62 in late trading.
Wind River Systems
( WIND) moved lower after the software company posted first-quarter results that missed analysts' forecast. The company swung to a first-quarter loss of $2.1 million, or 2 cents a share, from a year-earlier profit of $1.8 million, or 2 cents a share. Excluding certain items, earnings were $2.8 million, or 3 cents a share, a penny below analysts' EPS estimate. Wind River's revenue for the quarter ended April 30 rose to $65 million from $61.8 million, short of Wall Street's target of $66.4 million.
Looking ahead, Wind River forecast second-quarter earnings of 4 cents to 5 cents a share, before items. The company projected revenue of $66 million to $68 million. The forecast is well below analysts' projection for earnings of 10 cents a share and revenue of $72.8 million. For all of fiscal 2007, the company predicted earnings of 38 cents to 43 cents a share and revenue of $290 million to $300 million. Analysts predict full-year earnings of 40 cents a share and revenue of $295.5 million. Wind River shares dropped $1.07, or nearly 12%, to $8.20 after hours.