lost ground in after-hours trading Wednesday as the Sunnyvale, Calif.-based optical-component maker reported its fourth-quarter earnings.
The company posted earnings of $1.7 million, or a penny a share, compared with a loss of $37.8 million, or 15 cents a share, a year ago. Revenue totaled $102.4 million, up 37% from a year ago. Excluding items, the company earned 3 cents a share, matching Wall Street's expectations. CEO Jerry Rawls said in a statement that the company was "very optimistic" about its future. "We worked our way back from one of the most difficult market downturns in history and succeeded in achieving our plan for returning to profitability," Rawls said. For the full year, Finisar lost $24.9 million, or 9 cents a share, compared with a loss of $114.1 million, or 49 cents a share a year ago. Revenue grew 30% to $364.3 million. Shares dropped 45 cents, or 10.1%, to $4.02 in after-hours trade.
Furniture Brands International
gained, as the St. Louis-based furniture company reaffirmed its second-quarter guidance. The company is maintaining its earlier outlook of EPS of 29 cents to 33 cents, including 3 cents of restructuring charges and 3 cents in increased interest expense. Analysts polled by Thomson First Call are expecting earnings of 36 cents a share. The company will report its second-quarter results on July 26. Shares advanced 54 cents, or 2.6%, to $21.12 in after-hours trade.
gained slightly after the tax preparer reported its
fourth-quarter earnings. The company posted earnings of $587.5 million, or $1.77 a share, down from $615 million, or $1.83 a share, a year ago. The most recent quarter included a charge of 2 cents a share stemming from a previously announced restructuring of its mortgage business. Revenue rose 6% to $2.5 billion. Analysts were forecasting earnings of $1.79 a share. Revenue was in line with analyst estimates. Block offered earnings guidance for the new fiscal year that's generally higher than what most analysts are predicting. H&R Block says it expects full-year earnings of between $1.80 and $2.05 a share. The current consensus estimate has H&R earning $1.92 a share. Shares gained 30 cents, or 1.3%, to $22.80 after hours.
gained after the San Jose, Calif., semiconductor-equipment maker raised its second-quarter revenue and profit forecast, citing improved efficiencies within the company and strong industrywide demand for memory chips. Novellus said second-quarter sales will range between $400 million and $410 million, compared with its previous estimate of $370 million to $380 million. Earnings will be between 37 cents and 40 cents a share, compared with its initial guidance of 26 cents to 28 cents a share. Analysts are looking for Novellus to ring up $378.4 million in sales with earnings of 28 cents a share. Novellus also raised its gross-margin projection for the second quarter to 49%, compared to its earlier projections of 48%, as a result of reductions in warranty and material costs, among other things. Shares gained $1.22, or 5.4%, to $23.67 after hours.
Jos. A. Bank Clothiers
plummeted after the retailer saw first-quarter earnings per share drop by 16%. The company reported income of $5.9 million, or 32 cents a share, compared with $6.7 million, or 38 cents a share, a year ago. Sales increased 17.7% to $113.7 million. Wall Street was looking for earnings of 46 cents a share on sales $114.9 million. Comparable-store sales increased 4.7%. Shares dropped $6.23, or 16.8%, to $30.90 after hours.