surged 10.9% after the closing bell Monday on news of its first-ever quarterly profit.
For the third quarter, the Fresno, Calif.-based company earned $2.7 million, or 7 cents a share, compared with a loss of $923,000, or 3 cents a share, a year ago. Analysts polled by Thomson Financial were expecting a loss of 3 cents a share. Revenue beat estimates as well, jumping 131% to $61.1 million from a year ago. Analysts were looking for revenue of $54.2 million. Shares were trading up $1.91 to $19.40.
Focus Media Holding
gained on third-quarter results that beat Wall Street expectations.
The China-based advertising company posted GAAP income of $27 million, or 49 cents a share, on revenue of $61.1 million. This compares with year-ago GAAP earnings of $7.1 million, or 19 cents a share, on revenue of $19.5 million. Analysts had forecast income of 55 cents a share on revenue of $59.7 million.
Looking ahead, Focus projects fourth-quarter non-GAAP earnings to be between $34 million and $35 million, or 62 cents to 64 cents a share, excluding share-based compensation expenses and amortization of acquired intangible assets. Revenue is expected to range between $67 million and $69 million. Shares were up $3.34, or 5.6%, to $63.20.
rose on better-than-expected results for the third quarter ended Oct. 29 and solid next-quarter and full-year guidance.
The apparel manufacturer earned $50.8 million, or 89 cents a share, in GAAP income compared with income of $40.3 million, or 73 cents a share, a year ago. These figures topped Phillips's own prior guidance by 7 cents a share and beat analysts' consensus estimate by 5 cents a share. Revenues increased a modest 7% to $568.3 million from a year ago, narrowly moving past the $563.7 million consensus estimate. For the following quarter, the company forecasts GAAP earnings of 43 cents a share on revenue between $528 million and $532 million, and predicted it would earn $2.60 a share for full-year 2006. Phillips also said its recent agreement to acquire neckwear company Superba will be modestly accretive to 2007 earnings. Shares were up 89 cents, or 1.9%, to $48.01.
fell on news that company founder and Chief Executive Officer Frank Lin had resigned his post as of last Wednesday. Long-time board member Glen Antle has assumed the post on an interim basis while the company searches for a new CEO.
The Sunnyvale, Calif.-based chipmaker said a probe of its stock-options practices found evidence of manipulated grants to new hires, existing employees and executives. For periods between 1994 and 2006, preliminary results from the company's investigation estimates noncash charges between $40 million and $50 million. Shares were down 51 cents, or 2.5%, to $20.30.
dropped after the pharmaceutical company reported broadened third-quarter losses and sinking revenue that both widely missed analysts' estimates.
The Cambridge, Mass.-based company lost $9.3 million, or 78 cents a share, compared with a loss of $3.6 million, or 36 cents a share, a year ago. The two analysts who follow the company were expecting a loss of only 53 cents a share. Revenue missed the analysts' $500,000 consensus estimate as well, falling to $351,000 from $407,000 a year ago. Shares were down 90 cents, or 1.5%, to $57.61.