Today's Winners & Losers: TradeStation

The online broker's fourth-quarter results top expectations.
Author:
Publish date:

Shares of

Veeco Instruments

(VECO) - Get Report

were among the

Nasdaq's

losers Tuesday, tumbling 10% after the maker of manufacturing equipment posted solid fourth-quarter results but warned that first-quarter earnings and sales would fall short of Wall Street estimates.

The company earned $2.7 million, or 9 cents a share, on sales of $112.8 million. Excluding items, Veeco reported adjusted earnings of $6.6 million, or 22 cents a share. Analysts polled by Thomson First Call expected earnings of 16 cents a share, before items, on sales of about $103 million. During the year-earlier period, the company recorded a loss of $56 million, or $1.88 a share, on sales of $103 million. Excluding items, the company earned $773,000, or 3 cents a share, during the year-earlier quarter.

Veeco sees first-quarter adjusted earnings of 5 cents to 8 cents a share, including 1 cent a share in stock-based compensation costs. The company predicts sales of $90 million to $95 million. Analysts project earnings of 15 cents a share on sales of $99.9 million. Shares were trading down $2.35 to $20.11.

Transocean

(RIG) - Get Report

fell 8% after the offshore drilling contractor posted fourth-quarter results that fell short of expectations. The company earned $151.6 million, or 45 cents a share, on sales of $771.2 million. Analysts expected earnings of 48 cents a share and sales of $785.5 million. For the year-earlier period, the company posted a loss of $73.4 million, or 23 cents a share, on sales of $676.9 million.

Looking ahead, Transocean expects first- and second-quarter earnings to be flat with the just-completed fourth-quarter results. "The combination of higher operating and maintenance expenses and lost revenue due to out-of-service time and delays in the start of higher dayrate contracts are expected to lead to generally flat earnings in each of the first two quarters of 2006 relative to the fourth quarter of 2005, excluding the effect of gains from potential rig sales," the company said. Analysts had forecast first-quarter earnings of 67 cents a share and second-quarter earnings of 91 cents a share. Transocean shares were down $6.54 to $72.05.

Shares of

TradeStation

(TRAD)

rose 4% after the online broker posted fourth-quarter results that topped analysts' projections. The company reported earnings of $7.3 million, or 16 cents a share, up from $3.6 million, or 8 cents a share, a year earlier. Excluding a reversal of a valuation allowance on deferred income tax assets, the company earned 14 cents a share, beating analysts' forecast by a penny. The company's sales rose to $27.3 million from $20.2 million, above analysts' projection of $26.6 million.

For the first quarter, TradeStation expects earnings of 13 cents to 15 cents a share and sales of $28 million to $30 million. Analysts project earnings of 13 cents a share. Shares were up 70 cents to $16.61.

Jakks Pacific

(JAKK) - Get Report

fell 5% after the toymaker posted better-than-expected fourth-quarter results but warned that first-quarter results would be below forecasts. The company earned $9 million, or 30 cents a share, on sales of $166.3 million. Excluding items, Jakks earned $16.7 million, or 53 cents a share. Analysts expected earnings of 45 cents a share, before items, on sales of $160 million. During the year-earlier quarter, the company earned $10.5 million, or 35 cents a share, on sales of $184.8 million.

Looking ahead, Jakks Pacific sees first-quarter earnings of 13 cents to 18 cents a share, with sales of $102 million to $110 million. A single analyst projects earnings of 20 cents a share, while three analysts have an average estimate for sales of $122.1 million. Shares were trading down $1.24 to $22.86.

Shares of

Waste Management

(WMI)

rose 2% after the garbage hauler posted fourth-quarter results that topped forecasts. The company earned $290 million, or 52 cents a share, on sales of $3.37 billion. Excluding one-time gains and charges, the company earned $255 million, or 46 cents a share. Analysts expected earnings of 40 cents a share, before items, and sales of $3.31 billion. During the year-earlier quarter, the company earned $269 million, or 47 cents a share, on sales of $3.21 billion. Excluding items, the company would have earned $227 million, or 39 cents a share, a year earlier.

For 2006, Waste Management said it is confident that it can achieve analysts' expectations for earnings of $1.65 a share. The company's shares recently were up 76 cents to $33.80.

NYSE

volume leaders included

Lucent Technologies

(LU)

, up 3 cents to $2.80;

Pfizer

(PFE) - Get Report

, down 11 cents to $25.47;

Maxtor

(MXO)

, up 36 cents to $9.49;

General Electric

(GE) - Get Report

, down 4 cents to $33.21;

Qwest

(Q)

, up 9 cents to $5.99;

Exxon Mobil

(XOM) - Get Report

, down 61 cents to $58.99; and

Valero Energy

(VLO) - Get Report

, down $1.81 to $48.78.

Nasdaq volume leaders included

Intel

(INTC) - Get Report

, up 20 cents to $21.33;

Sirius Satellite Radio

(SIRI) - Get Report

, up 5 cents to $5.66;

Oracle

(ORCL) - Get Report

, down 12 cents to $12.37;

Microsoft

(MSFT) - Get Report

, unchanged at $26.39;

Apple Computer

(AAPL) - Get Report

, up $1.67 to $66.38; and

Cisco Systems

(CSCO) - Get Report

, up 5 cents to $19.60.