Conceptus

which makes a permanent birth-control device called Essure, posted better-than-anticipated fourth-quarter results, but the company offered a 2006 outlook that was weaker than Wall Street expected.

The company's fourth-quarter loss narrowed to $4.4 million, or 15 cents a share, from $6.4 million, or 25 cents a share, a year earlier. Fourth-quarter sales were $6.8 million, up 87% from a year ago. Analysts polled by Thomson First Call were expecting a loss of 18 cents a share and sales of $6.4 million.

For the first quarter, Conceptus sees sales of $7.2 million to $7.4 million. The company also expects increased expenses in the quarter, resulting in a loss 17 cents to 18 cents a share, before stock-based compensation costs. Wall Street was looking for a first-quarter loss of 15 cents a share and sales of $7.75 million, according to a Thomson First Call survey of analysts. For all of 2006, the company expects a loss of 58 cents to 60 cents a share, before items, on sales of $33 million to $35 million. Analysts, on average, had forecast a loss of 49 cents a share, with sales of $35 million.

Shares of

Network Appliance

(NTAP) - Get Report

advanced after the computer data storage company posted a penny beat over Wall Street's EPS estimates. The company's third-quarter income rose to $76.4 million, or 20 cents a share, from $60.1 million, or 16 cents a share, a year earlier. Excluding items, the company posted a profit of $84.7 million, or 22 cents a share. Analysts were looking for earnings of 21 cents a share, before items. Network Appliance's revenue increased 30% to $537 million, topping analysts' estimate of $524.5 million.

For the fourth quarter ending in April, the company expects revenue to grow by 28% to 30% -- implying a top line of $578 million to $587 million -- with earnings per share of 22 cents to 23 cents. Analysts had forecast earnings of 22 cents a share and sales of $573.5 million. Network Appliance rose $3.35, or 11%, to $34.50 in after-hours trading.

Shares of

Celebrate Express

deflated after the company slashed its fiscal-year earnings projection and said its CEO resigned. The online seller of party-related goods said it has been hit by higher shipping and distribution costs, and projected a loss for the quarter ending Feb. 28. Analysts had forecast earnings of 10 cents a share. For the year ending in May, the company expects earnings of 37 cents to 40 cents a share, excluding about 10 cents in charges. Celebrate Express' previous forecast called for earnings of 54 cents to 58 cents a share, while analysts projected earnings of 54 cents a share. The company maintained its full-year revenue prediction of $86 million to $88 million, compared with analysts' target of $88 million.

Celebrate Express also said Chairman and CEO Mike Jewell resigned for personal reasons. Jewell will stay on as a consultant while the company searches for a replacement. Darin White, the company's vice president, finance, will be interim CEO during the search. Celebrate Express shares sank $2.49, or 18%, to $11.51 in after-hours trading.

Expedia

(EXPE) - Get Report

shares fell 16% after the online travel company posted fourth-quarter results below analysts' projections. The company earned $25 million, or 7 cents a share, down from $44 million, or 13 cents a share, a year earlier. Excluding items, earnings were 20 cents a share, missing analysts' estimate of 26 cents. Expedia's sales rose 13% to $494.7 million, but fell short of Wall Street's target of $505 million. Shares were down $3.87 to $20.38 after hours.

Quidel

(QDEL) - Get Report

shares rose after the diagnostic test provider said it swung to a fourth-quarter profit. The company posted earnings of $9.6 million, or 28 cents a share, compared with a loss of $600,000, or 2 cents a share, a year earlier, when results were weighed down by losses from continuing operations. Two analysts polled by First Call had an average estimate for earnings of 23 cents a share. The company's revenue for the quarter rose 9% to $34.8 million. Shares of Quidel advanced 48 cents, or 4.8%, to $10.39 in after-hours trading.

Shares of

Denny's

(DENN) - Get Report

slipped after the restaurant chain offered a soft forecast for 2006. The company posted a loss of $4.5 million, or 5 cents a share, matching the average estimate of two analysts polled by First Call. A year earlier, Denny's recorded a loss of $14.2 million, or 16 cents a share. Revenue slipped to $243.4 million from $243.7 million.

The company projected 2006 earnings of 2 cents to 6 cents a share, below Wall Street's target of 18 cents. "We remain cautious with regard to the economic pressures currently facing our customer demographic," Denny's said. "We expect consumer spending in 2006 will follow the volatility in gasoline and energy prices as it did in 2005." Shares of Denny's lost 45 cents, or 8.8%, to $4.65 in after-hours trading.

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