climbed in late trading Wednesday after the electronic products maker posted better-than-anticipated first-quarter results and forecast second-quarter earnings above Wall Street forecasts. Net income reached $12.6 million, or 28 cents a share, beating Thomson First Call's average analyst estimate of 23 cents a share. A year earlier, Plexus earned $3 million, or 7 cents a share. Revenue for the December quarter climbed 14% to $328.3 million, above Wall Street's projection of $321 million.
Plexus forecast second-quarter earnings of 31 cents to 36 cents a share and revenue of $330 million to $340 million. Analysts currently expect earnings of 25 cents a share and $334.8 million. Plexus gained $4.12, or 18%, to $27.60 in after-hours trading.
shares rose after the Minneapolis-based payment services company posted fourth-quarter income of $29.6 million, or 34 cents a share, up from $22 million, or 25 cents a share a year ago. Analysts were looking for a profit of 30 cents a share. Revenue rose to $256.9 million from $219.2 million, surpassing Wall Street's estimate of $248.7 million.
MoneyGram sees 2006 earnings of $1.25 to $1.30 a share, with net revenue of $535 million to $560 million. Analysts project earnings of $1.28 a share. MoneyGram advanced $1.61, or 6.3%, to $27 in after-hours trading.
rose nearly 8% recently after the biopharmaceutical company said the Food and Drug Administration granted fast-track designation for Phenoptin, an experimental treatment for phenylketonuria. The disease, a genetic disorder affecting about 50,000 patients in the developed world, is caused by a deficiency of the enzyme phenylalanine hydroxylase. Shares of BioMarin Pharmaceutical rose 88 cents to $12 after hours.
rose after the audio equipment maker posted second-quarter earnings of $72.5 million, or $1.07 a share, above analysts' forecast of $1.03. A year earlier, earnings were $65.4 million, or 92 cents a share. Sales rose 6% to $832.6 million, shy of Wall Street's forecast of $855.5 million.
Also, Harman's JBL division signed an agreement with
to develop and market accessories for Motorola's mobile music devices. Shares of Harman International climbed $3.19, or 3%, to $107.40 in after-hours trading.
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