Netflix (NFLX) - Get Report soared in after-hours trading Monday after the Los Gatos, Calif.-based online movie-rental company saw third-quarter earnings climb. The company said it earned $12.8 million, or 18 cents a share, up from $6.9 million, or 11 cents a share, a year ago. Excluding stock-based compensation expense, the company said it earned $14.6 million, or 21 cents a share, up from last year's $10.2 million, or 16 cents a share. Revenue increased 48% over last year to $256 million.
Analysts polled by Thomson First Call were looking for a profit of 12 cents a share on revenue of $251.2 million. The number of subscribers increased 58% to 5.7 million. The company said it now expects fourth-quarter earnings of $7.5 million to $13.5 million, up from its previous guidance of $3.8 million to $8.8 million. It also boosted its sales target for the quarter to $273 million to $278 million, up from its previous range of $267 million to $272 million. Shares were trading up $3.22, or nearly 14%, to $26.30.
JDA Software Group
( JDAS) stumbled after the Scottsdale, Ariz.-based software company missed Wall Street's third-quarter earnings expectations. On a GAAP basis, the company earned $921,000, or 3 cents a share. A year ago, those numbers were 13 cents a share, or $3.75 million. Excluding nonrecurring items, the company earned 20 cents a share, 5 cents worse than Thomson First Call consensus, but 3 cents better than the same period a year ago.
For the quarter ended Sept. 30, 2006, revenue jumped to $89.2 million from $55.6 million last year, while software sales totaled $13.7 million, a decrease from $17.4 million a year ago. Consensus was for total revenue of $93.4 million. The company said its Manugistics acquisition, which closed on July 5, added $36.7 million to revenue, including $3.2 million of software revenue during the third quarter. JDA Software said it might incur a noncash charge to GAAP third-quarter earnings of about $3.4 million, depending on whether JDA records the conversion option of preferred stock issued to Thomas Cressey on July 5. Shares were trading down $1.02, or 6.2%, to $15.35.
surged after the Menlo Park, Calif.-based chip-equipment supplier beat third-quarter targets and guided up. The company made $5.6 million, or 25 cents a share, for the quarter ended Sept. 30, reversing the year-ago loss of $566,000, or 3 cents a share. Revenue rose 278% from a year ago, or 52% sequentially, to $104 million. Wall Street was looking for a 23-cent profit on sales of $80 million. The company said it expects to make 23 to 28 cents a share for the fourth quarter on revenue of $100 million to $108 million. Analysts were looking for a 23-cent profit on sales of $84 million. Shares were trading up $1.08, or 9.2%, to $12.80.
slipped after the Santa Clara, Calif.-based fabless semiconductor company saw a drop in third-quarter income. The company posted income of $8.1 million, or 27 cents a share, down from $10.5 million, or 35 cents a share, a year ago. Excluding stock-options expenses, the company earned 37 cents a share.
Revenue increased 15% to $63.9 million. Wall Street was expecting income of 33 cents a share on revenue of $63.8 million in sales. DSP Group said it repurchased about 270,000 shares of its stock at an average price of $24 a share, for about $6.5 million. The company said it expects full-year revenue to range from $213 million to $217 million and annual growth of between 14% to 16% over 2005. Analysts are forecasting revenue of $231.1 million. Shares were trading down $2, or 9.2%, to $19.70.
( RADN) fell after the Phoenix-based maker of satellite and broadcast-network equipment saw a slip in third-quarter earnings. The company posted earnings of $2.8 million, or 15 cents a share, compared with $2.9 million, or 16 cents a share, a year ago. The latest quarter includes equity compensation expense of $924,000, which had reduced earnings by 3 cents a share. Sales dipped slightly to $32.1 million, from $32.2 million. Bookings during the quarter were $32.1 million, compared with $36.3 million a year ago. Shares were trading down $1.21, or 9.9%, to $11.