Thursday's Late Winners & Losers
Starbucks
(SBUX) - Get Starbucks Corporation Report
was among the biggest postclose decliners Thursday, after the coffee giant issued a
soft outlook for the coming fiscal year.
The Seattle-based outfit projects a first-quarter profit of 28 cents a share, or 3 cents under Thomson Financial's analyst estimates. It pegs fiscal 2008 earnings between $1.02 and $1.05 a share, which leans to the lower end of consensus.
Starbucks also posted a soaring fourth-quarter profit of $158.5 million, or 21 cents a share, that's flush with Wall Street expectations. Revenue was above par. Still, shares were losing 8.1% to $22.15.
Autodesk
(ADSK) - Get Autodesk Inc. Report
slid 5.4%, meanwhile, after the design software developer said it plans on paying $42.5 million in cash (subject to a working capital adjustment) for France-based Robobat, which makes software for the structural-engineering industry. San Rafael, Calif.-based Autodesk also reported fiscal third-quarter earnings of 49 cents a share, topping the mean by 2 cents. But shares were shedding $2.54 to $44.92.
Among other after-hours losers,
News Corp.
(NWSA) - Get News Corporation Report
Class A shares were losing 2% to $20.30; software company
Oracle
(ORCL) - Get Oracle Corporation Report
sank 1.2% to $20.18; and department-store chain
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Kohl's
(KSS) - Get Kohl's Corporation Report
was down 1.5%.
Elsewhere,
Intuit
(INTU) - Get Intuit Inc. Report
traded mostly higher on a narrowed fiscal first-quarter loss. The QuickBooks accounting software provider said its non-GAAP loss came to $34.2 million, or a dime a share, compared with a shortfall of 12 cents a share last year. Analysts were looking for the loss to stay unchanged year over year. Shares of the California-based company were gaining ground after the bell, before pulling back to a penny dip at $29.25.
Booking gains of 1.3% or more, meanwhile, were online broker
E*Trade
(ETFC) - Get E*TRADE Financial Corporation Report
, chipmaker
Micrel
(MCRL)
,and
Qwest Communications
(Q)
.
