( FSII) shares jumped in late trading Tuesday after the maker of equipment for the microelectronics industry posted strong third-quarter sales and forecast higher-than-expected sales for the fourth quarter as well. The company's third-quarter loss widened to $2.4 million, or 8 cents a share, from $2.0 million, or 7 cents a share, a year earlier, when results included a $4.2 million one-time gain. Sales rose to $32 million from $19.1 million. Analysts polled by Thomson First Call projected a loss of 7 cents a share and sales of $28.3 million for the quarter, which ended May 27.
For the fourth quarter, FSI predicts revenue of $35 million to $40 million, above Wall Street's target of $31.9 million. The company expects net income of $1 million to $2 million. Analysts expect earnings of 2 cents a share. FSI shares climbed 67 cents, or 11%, to $6.61 in after-hours trading.
Christopher & Banks
fell after the women's clothing seller posted better-than-expected first-quarter results, but offered a slightly soft guidance for the second quarter. The retailer's earnings for the period ended May 27 rose to $14.6 million, or 39 cents a share, from $9.3 million, or 26 cents a share, a year earlier. Sales grew to $142.5 million from $122.7 million, as same-store sales rose 7%. Analysts polled by Thomson First Call anticipated earnings of 37 cents a share, with revenue of $141.9 million.
The company said its month-to-date sales for June have continued a "positive trend," and it expects a 6% to 8% rise in same-store sales for the month. For the quarter ending in August, Christopher & Banks anticipates earnings of 17 cents to 19 cents a share, toward the lower end of analysts' average estimate of 19 cents. For fiscal 2007, the company now sees earnings of $1.06 to $1.10 a share, above its earlier target of 96 cents to $1. Christopher & Banks shares declined 91 cents, or 3.2%, to $27.37 after hours.
posted in-line fourth-quarter results, helped by strong same-store sales at its Olive Garden and Red Lobster brands. The company's profit rose to $92.3 million, or 60 cents a share, from $84 million, or 52 cents a share, a year earlier. The earnings matched analysts' mean estimate of 60 cents. Sales rose to $1.51 billion from $1.39 billion, narrowly topping analysts' mean estimate of $1.498 billion.
Darden sees fiscal 2007 earnings growth of 9% to 10%, including the expensing of stock options. Excluding options expenses, the company anticipates 13% to 14% EPS growth, in line with its long-term goal of 10% to 15%. Shares rose 49 cents, or 1.4%, to $36.05 after hours.
fell after hours as the fast-food chain's third-quarter revenue came in below expectations. The restaurant operator posted earnings of $23.8 million, or 27 cents a share, up from $21.3 million, or 23 cents a share, a year earlier. Revenue rose to $186.5 million from $167.7 million, with system-wide same-store sales growth of 4.3%. Analysts expected earnings of 26 cents a share and revenue of $189.7 million.
For the quarter ending in August, Sonic forecast earnings of 28 cents to 29 cents a share, with 11% to 13% revenue growth. Wall Street expects fourth-quarter earnings of 28 cents a share, with revenue of $203 million. Sonic shares fell 83 cents, or 3.9%, to $20.64 in late trading.