More Early Stocks in Motion

Watson Pharmaceuticals beats.
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Computer Associates

(CA) - Get Report

said it earned $94 million, or 15 cents a share, for the first quarter ended June 30, vs. $40 million, or 7 cents a share, a year ago. Revenue for the quarter rose to $920 million from $850 million last year. Excluding items, Computer Associates earned 22 cents a share. Analysts expected earnings of 22 cents a share on revenue of $919.6 million, according to Thomson First Call. For the year, the company expects to earn 93 cents to 98 cents a share, compared with Wall Street's forecast of 92 cents a share. Computer Associates also said that it will cut approximately 5% of its workforce under a restructuring plan that will save the company $75 million a year. The stock was down 3 cents, or 0.1%, to $29.14 in after-hours trading.

Watson Pharmaceuticals

(WPI)

posted earnings of $40.9 million, or 35 cents a share, for the second quarter ended June 30, vs. $34.9 million, or 29 cents a share, a year ago. The drug maker reported revenue for the quarter of $416.3 million. Analysts polled by Thomson First Call expected a profit of 31 cents a share on sales of $407.9 million. For the full year, Watson expects to earn $1.35 to $1.43 a share on revenue of $1.65 billion, compared with Wall Street's forecast of $1.32 a share on revenue of $1.65 billion. The stock was up $1.22, or 3.99%, to $31.80 in after-hours trading.

Trident Microsystems

(TRID)

reported a loss of $6.8 million, or 27 cents a share, for the fourth quarter ended June 30, vs. net income of $989,000, or 4 cents a share, a year ago. Included in the latest results was $7.7 million in amortization of stock-based compensation relating to the purchase of the minority interest in its TTI subsidiary. Revenue for the quarter was $20.9 million. Excluding charges, the supplier of digital TV technology earned $2.4 million, or 9 cents a share. Analysts expected earnings of 7 cents a share on revenue of $19.8 million. The stock was up $2.47, or 8.98%, to $29.99 in after-hours trading.

Applied Micro Circuits

(AMCC)

reported a loss of $4.2 million, or a penny a share, for the first quarter ended June 30, compared with a loss of $21.8 million, or 7 cents a share, a year ago. Revenue for the quarter was $64.7 million, up slightly from $64.4 million last year. Excluding certain items, the company earned $3.1 million, or a penny a share. According to Thomson First call, analysts expected a profit of a penny a share on revenue of $65.4 million. The stock was down 9 cents, or 2.86%, to $3.06 in after-hours trading.

Amkor Technology

(AMKR) - Get Report

reported a second quarter loss of $52.4 million, or 30 cents a share, vs. earnings of $10 million, or 6 cents a share, a year ago. Revenue for the quarter was $489 million. Analysts expected a loss of 30 cents a share on revenue of $466.3 million, according to Thomson First Call. The stock was down 71 cents, or 12.2%, to $5.11 in after-hours trading.