surged 19% in late trading Thursday after the server and storage system company beat analysts' fourth-quarter estimates. Excluding certain items, the company reported earnings of $7.6 million, or 33 cents a share, compared with a loss of $513,000, or 9 cents a share, a year earlier. Revenue rose 45% to $83.1 million. Analysts polled by Thomson First Call projected earnings of 24 cents a share and revenue of $70.6 million. Rackable Systems gained $5.91 to $37.02.
tumbled after the watch company lowered its fourth-quarter projections and predicted 2006 results below Wall Street's forecast. Fossil put fourth-quarter EPS at 28 cents to 31 cents, down from its guidance of 48 cents. The company cut its sales estimate to $324 million from $343 million. The company attributed the profit shortfall to lower-than-anticipated sales and gross margins. Analysts expected fourth-quarter earnings of 49 cents a share and sales of $334 million.
For fiscal 2006, Fossil expects to earn $1.05 a share, including 3 cents to 4 cents for expensing stock options and a 6-cents-a-share benefit from a lower share count. Shares were down $6.09 to $26.26 in after-hours trading.
fell 16% after the information security company's earnings and outlook came in well below expectations. The company posted fourth-quarter earnings, before items, of $11.7 million, or 45 cents a share, up slightly from $11 million, or 44 cents a share, a year earlier. The earnings per share missed analysts' projection by a dime. Revenue rose 21% to $77.1 million from $63.8 million, but fell short of Wall Street's target of $80 million.
SafeNet forecast first-quarter earnings of 29 cents to 37 cents a share, before items, on revenue of $65 million to $69 million. Analysts had predicted earnings of 40 cents a share and revenue of $71 million. For all of 2006, the company expects earnings of $1.50 to $1.95 a share, before items, and revenue of $290 million to $310 million. Wall Street forecast earnings of $1.88 a share and revenue of $312 million. SafeNet shares dropped $5.17 to $27.55 in late trading.
shares plunged nearly 50% after the company said it received a nonapprovable letter for its heart device. The company had been seeking approval of its Cardiac Cryoablation System for the treatment of atrial flutter. The company said the Food and Drug Administration found that the company's data on the product's success rate didn't meet the agency's criteria. CryoCor said it is reviewing the data and is in talks with the FDA about its next step. CryoCor shares sank $2.49 to $2.50 in late trading.
rose after the company's fourth-quarter results beat analyst estimates. Adjusted earnings, which exclude items, rose to $14.2 million, or 30 cents a share, from $12.1 million, or 26 cents a share, a year earlier. The company said fourth-quarter revenue rose 24% to $83.7 million. Analysts expected earnings of 28 cents a share and revenue of $82.4 million.
For the first quarter, WebEx anticipates adjusted earnings of 29 cents to 31 cents a share, with revenue of $85 million to $87 million. The projection brackets analyst estimates for earnings of 30 cents a share and revenue of $86.5 million. WebEx shares rose 71 cents, or 2.9% to $25.65 in late trading.
advanced after the infrastructure software maker put fourth-quarter revenue above Wall Street's expectations. The company expects to report total revenue of $335 million to $340 million, including license revenue of $150 million to $155 million. Based on this, the company believes it will post earnings of 11 cents to 12 cents a share, before certain items. Analysts polled by Thomson First Call were looking for earnings of 11 cents a share. Shares gained 61 cents, or 5.9% to $11 in after-hours trading.