Networking technology outfit
posted a profit late Thursday that handily beat expectations, sending shares surging more than 20% in after-hours trading. The company's net earnings rose to $9.1 million, or 26 cents a share, from $5.7 million, or 16 cents a share, a year earlier. Excluding items related to amortization and stock options, Packateer posted earnings of 28 cents a share, well above analysts' projection of 11 cents. Revenue came in at $31.9 million, topping analysts' forecast of $28 million and a year-earlier top line of $26.2 million. Shares were up $2 to $11.49 after hours.
shed 9% after the company's fourth-quarter profit fell short of Wall Street's target. The company's net earnings tumbled to $18.4 million, or 43 cents a share, from $22.5 million, or 61 cents a share, a year earlier. Excluding charges, however, earnings rose to $30.1 million, or 69 cents a share, from $23.4 million, or 64 cents a share, a year earlier. But results were below analysts' target of 72 cents a share, according to First Call. Revenue rose to $245 million from $175 million, shy of Wall Street's projection of $246.2 million. Shares were down $4.83 to $49 late Thursday.
declined after the molecular biology research company's outlook fell short of estimates. For the fourth quarter, the company earned $24.8 million, or 35 cents a share, on revenue of $111.5 million. Those results beat analysts' expectation for earnings of 30 cents a share and revenue of $109.8 million. A year earlier, Affymetrix earned $27.1 million, or 41 cents a share, on revenue of $107.7 million.
But for the first quarter, Affymetrix forecast earnings of 9 cents a share, before items, which misses analysts' average prediction of 18 cents. The company sees revenue of $91 million, short of Wall Street's target of $99.6 million. For the full year, the company projects earnings of 65 cents a share, before items, on total revenue of $420 million. Analysts had forecast fiscal 2006 earnings of 82 cents a share on revenue of $426.2 million. Shares of Affymetrix slipped $4.59, or 11%, to $35.56 in after-hours trading.
fell after the company's fourth-quarter earnings missed expectations. The insurer posted fourth-quarter income of $474 million, or $1.53 a share, down from $620 million, or $2.08 a share, a year ago. Core earnings, which exclude realized gains and losses, dropped to $505 million, or $1.63 a share, from $597 million, or $2 a share, a year ago. Analysts expected earnings of $1.81 a share. For 2006, Hartford sees core earnings of $8.20 to $8.50 a share. Wall Street expects earnings of $8.54 a share. Hartford shares lost $3.61, or 4.2%, to $82 in after-hours trading.
fell more than 13% in after-hours trading even though the flash memory company's earnings beat expectations. SanDisk reported fourth-quarter earnings of $134 million, or 68 cents a share, on $751 million. SanDisk had earnings of $78.3 million, or 42 cents a share, on sales of $549 million in the year-ago period. Wall Street forecasts called for earnings of 62 cents a share on $727 million in sales. The company cautioned, though, that it expects a seasonally soft first quarter, and it plans to cut prices to spur demand. SanDisk shares dropped $8.30 to $62.38 after hours Thursday.
advanced 11% after the audio systems maker's first-quarter earnings blew out estimates. Earnings for the quarter ended Dec. 31 were $17.3 million, or 16 cents a share, on revenue of $91 million. Analysts expected earnings of 9 cents a share and revenue of $84.4 million. A year earlier, Dolby earned 10.4 million, or 11 cents a share, on revenue of $84.3 million. For fiscal 2006, Dolby expects earnings of 47 cents to 58 cents a share on revenue of $335 million to $360 million. Wall Street predictions had forecast earnings of 50 cents a share and revenue of $346.6 million. Dolby shares gained $2.05 to $20.30 in late trading.