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Today's Early Winners and Losers

Amkor Technology jumps after a strong profit report.
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Amkor Technology


shares jumped 12% in late trading Wednesday after the company's first-quarter results and second-quarter guidance easily topped Wall Street estimates.

The provider of chip assembly and test services said it swung to a first-quarter profit of $35.7 million, or 20 cents a share, reversing a year-earlier loss of $119.1 million, or 68 cents a share. Analysts expected earnings of 12 cents a share. Sales rose to $645.1 million from $417.5 million. The company noted that sales were up slightly over the fourth quarter, better than the typical 5% to 10% sequential sales decline it usually sees for the first quarter.

For the second quarter, Amkor forecast earnings of 24 cents to 28 cents a share and sequential sales growth of 2% to 4%. The projection implies a second-quarter top line of $658 million to $670.9 million. Analysts predict second-quarter earnings of 16 cents a share and sales of $640 million. Amkor shares shot up $1.35 to $12.22 after hours.



shares climbed after the thin-film disk maker beat Wall Street's first-quarter expectations. The company's earnings rose to $36.2 million, or $1.09 a share, from $18.5 million, or 59 cents a share, a year ago. Sales rose to $208.5 million from $140.3 million. Analysts expected earnings of $1.05 a share and sales of $200 million.

Komag projects 5% to 10% sequential revenue growth for the second quarter. Based on the first-quarter top line, the forecast suggests sales of $218.9 million to $229.4 million. Analysts, on average, see second-quarter sales of $206 million. Komag shares advanced $3.35, or 7.5%, to $48.15 in late trading.



surged 11% after the home-router maker posted a solid first quarter and offered a higher-than-expected sales forecast. For the first quarter, Netgear earned $9.9 million, or 29 cents a share, up from $7.9 million, or 24 cents, a share, a year ago. Revenue rose 17% from a year earlier to $127 million. Excluding certain costs, earnings rose to 31 cents a share in the latest quarter from 25 cents a year earlier, beating analysts' forecast of 26 cents a share.

The company forecast second-quarter sales of $125 million to $130 million, well above the $122 million Wall Street projection. Shares rose $2.19 to $21.99 in after-hours trading.

FalconStor Software


slipped after the storage software company missed Wall Street's first-quarter expectations. Revenue increased 10% to $9.2 million. The company posted a loss of $3.6 million, or 8 cents a share, including $2.3 million in stock-option expenses. Excluding options, the loss was $1.4 million, or 3 cents a share, compared with a profit of $100,000, or less than 1 cent a share, a year ago. Revenue fell to $9.2 million from $8.4 million. Analysts were looking for earnings of 2 cents a share and revenue of $11.5 million.

"Our revenues for the first quarter were lower than anticipated," said Chairman and CEO ReiJane Huai in a statement. "The shortfall in revenues was due in part to seasonality and deals being delayed. In addition, we believe that we need to add resources to our sales and marketing team in order to realize the full potential of our existing opportunities, to establish our visibility in the marketplace, and to generate additional business prospects." Shares fell 66 cents, or 8.3%, to $7.25 after hours.

Shares of

Business Objects


sank after the business software maker's guidance disappointed. The company posted first-quarter net income of $12.3 million, or 13 cents a share, compared with a profit of $15 million, or 16 cents a share, in the same quarter last year. Excluding items, earnings were 33 cents a share. Total revenue rose to $278 million, representing 12% growth, or 17% in constant currency. Analysts expected earnings of 30 cents a share, before items, on revenue of $281.2 million.

For the second quarter, Business Objects forecast earnings of 30 cents to 33 cents a share, before items, on revenue of $295 million to $300 million. Analysts had projected earnings of 37 cents a share and sales of $298 million. Shares tumbled $2.39, or 6.4%, to $35.25 after hours Wednesday.