fell in after-hours trading Tuesday after the computer-networking port maker's first-quarter profit missed Wall Street's target. The company posted net income of $2.2 million, or 9 cents a share, down from $3 million, or 13 cents a share, a year earlier. Analysts polled by Thomson Financial were expecting the company to post earnings of 11 cents a share. Revenue rose 13% to $33.4 million from $29.5 million a year earlier. Analysts predicted revenue of $33 million for the December quarter.
For the second quarter, Digi sees earnings of 10 cents to 16 cents a share, before items, on revenue of $32.5 million to $37.5 million. The outlook brackets analysts' average projections for earnings of 15 cents a share and revenue of $36 million. Shares of Digi International fell 12 cents, or 1.2%, to $10.30 in Tuesday's late trading.
shares jumped after the maker of sealants and adhesives posted fourth-quarter earnings that topped analyst forecasts. The company earned $23.3 million, or 79 cents a share, up from $10.9 million, or 38 cents a share. Excluding various special items, Fuller earned 68 cents a share -- well above analysts' average projection of 53 cents. Revenue rose 9.2% to $413.2 million.
For 2006, the company expects earnings per share of $2.06 to $2.11. Wall Street estimates call for earnings of $1.94 a share. In late trading, shares of H.B. Fuller rose $2.24, or 6.6%, to $36.
rose 10% in after-hours trading after the specialty chemical company reported that it swung to a fourth-quarter profit. Omnova posted fourth-quarter net income of $4.1 million, or 10 cents a share, reversing a loss of $14.7 million, or 36 cents a share, from a year earlier. Sales increased 6.1% to $205.8 million. Omnova rose 50 cents to $5.29 in after-hours trading.
has decided to end its relationship with the company. However, the outsourcing concern said it is still comfortable with its 2006 earnings guidance of at least $1.07 per share. Convergys, which generated $100 million in revenue from Sprint Nextel in 2005, said the telecom company plans to migrate subscribers off of one of its platforms in 2006 and 2007.
Palm Harbor Homes
( PHHM) rose 6.4% in late trading after the manufactured homes maker reported improved fiscal third-quarter results. For the December quarter, the company swung to third-quarter profit of $4.3 million, or 18 cents a share, from a year-earlier loss of $4.6 million, or 20 cents a share. The earnings beat analysts' mean estimate of 12 cents a share. Sales rose to $193.2 million from $154.6 million a year earlier. Shares of Palm Harbor Homes rose $1.18 to $19.52 in after-hours trading.
Auto parts supplier
late Tuesday announced a 3-for-2 stock split. The split will be paid Feb. 3 to shareholders of record as of Jan. 27. Noble was up 50 cents, or 2.6%, to $19.61 in after-hours trading.