Today's Early Winners and Losers

Swift Transportation flies by Wall Street's profit expectations.
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Shares of

Swift Transportation

(SWFT)

jumped in after-hours trading Wednesday after the Phoenix-based truckload carrier easily beat Wall Street's first-quarter earnings expectations.

Swift posted earnings of $37.5 million, or 50 cents a share, up from $19.4 million, or 26 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of 25 cents a share. Revenue rose 3% to $763 million from $742.6 million. The revenue included $99.1 million in fuel surcharges, compared with $66.4 million a year ago. Excluding the fuel surcharge, the company said operating revenue decreased by $12.3 million, or 1.8%. Analysts expected revenue of $802.5 million. Shares rose $3.86, or 15%, to $29.11 in late trading Wednesday.

Freescale Semiconductor

(FSL)

gained after the Austin-based company beat Wall Street's first-quarter earnings expectations. The chip company reported income of $212 million, or 50 cents a share, compared with $85 million, or 20 cents a share, a year earlier. Revenue rose to $1.53 billion from $1.44 billion a year ago. Analysts were looking for earnings of 39 cents a share and revenue of $1.49 billion.

For the second quarter, Freescale forecast revenue of $1.50 billion to $1.60 billion, bracketing analysts' average forecast of $1.52 billion. Shares rose $1.33, or 4.5%, to $31 in late trading Wednesday.

Shares of

Alliance Data Systems

(ADS) - Get Report

advanced after the Dallas-based transaction services company posted solid first-quarter earnings and lifted its full-year guidance. The company reported net income of $56.4 million, or 69 cents a share, up from $37.2 million, or 40 cents a share, a year ago. Cash earnings, which exclude various items, rose to 85 cents a share from 52 cents a year ago. Revenue increased 27% to $477.2 million, surpassing analysts' target of $423.7 million.

For the full year, ADS sees cash earnings of at least $2.60 a share, up from its earlier guidance of $2.36. The company sees revenue of at least $1.78 billion, $100 million above its previous guidance. Analysts expect full-year earnings of $2.45 a share and a top line of $1.75 billion. ADS shares jumped $2.46, or 5.1% to $50.60 after hours.

Trimble Navigation

(TRMB) - Get Report

shares retreated after the GPS technology company's second-quarter guidance missed Wall Street's expectations. For the first quarter, the company reported income of $25.8 million, or 45 cents a share, compared with $17.4 million, or 31 cents a share, from a year ago. Revenue rose 16% to $225.9 million. The recent quarter's results beat analysts' targets for earnings of 40 cents a share and revenue of $218.6 million.

For the second quarter, Trimble forecast revenue of $231 million to $237 million. The company expects GAAP earnings of 43 cents to 46 cents a share, including stock-based compensation costs of 4 cents a share. Wall Street is looking for earnings of 52 cents a share, excluding options costs. Trimble shares slipped $1.94, or 4.4%, to $42.50 after hours.

Dynavax Technologies

(DVAX) - Get Report

surged after the pharmaceutical company said that Symphony Capital Partners will provide $50 million of committed capital to advance Dynavax's ISS-based cancer, hepatitis B and hepatitis C clinical development programs. Under the agreement, private equity firm Symphony Capital formed Symphony Dynamo Inc., which will be capitalized initially with $20 million and an additional $30 million within one year following closing, to fund Dynavax's development programs. Dynavax will issue Symphony Dynamo investors warrants to purchase 2 million shares at $7.32 a share, a 25% premium over the recent 60-day trading range average of $5.86 a share. Dynavax shares gained 81 cents, or 16%, to $5.75 in after-hours trading.