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Healthways (HWAY) lost ground after the company, which provides health and care support programs, cut its fourth-quarter and yearly guidance late Tuesday.

The Nashville-based company said it is looking to post earnings of 36 cents to 38 cents a share, down from an earlier forecast of 53 cents to 56 cents a share. Wall Street was looking for earnings of 54 cents a share. Healthways forecast revenue between $113 million and $115 million, while analysts are calling for $131.3 million.

For the full year, Healthways said it expected earnings between $1 and $1.02 a share on $410 million to $412 million in revenue, down from an earlier forecast of $1.17 to $1.20 a share on $415 million to $435 million in revenue. Analysts are looking for earnings of $1.19 a share on $428.4 million in revenue. Healthways is slated to report fourth-quarter results on Oct. 17. Shares were trading down $4.93, or 11.6%, to $37.50 in after-market trading.

Bob Evans Farms

(BOBE)

gained after the Columbus, Ohio-based restaurant chain operator said same-store sales at Bob Evans Restaurants for September

rose 5% from a year earlier. The company's Mimi's Cafe division posted same-store sales growth of 3.3% for September. Shares were trading up $1.53, or 5%, to $32.

Saks

(SKS)

advanced after the Birmingham, Ala.-based luxury department-store operator announced plans to pay a

special dividend of $4 a share. The retailer said the payout, which will total $550 million, will be payable Nov. 30 to shareholders of record Nov. 15.

Saks closed the sale of its 38-store Parisian chain to privately owned department-store operator

Belk

on Monday. Saks currently has $750 million of invested cash and no borrowings under its $500 million credit facility. The company also paid a $4 dividend in May following its sale of several chains to

Bon-Ton Stores

(BONT)

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. Shares were climbing 68 cents, or 3.9%, to $18.25.

Lawson Software

(LWSN)

slumped after the St. Paul, Minn.-based business-application software company swung to a

first-quarter loss.

The company lost $15.8 million, or 8 cents a share, compared with net income of $4.2 million, or 4 cents a share, in the year-ago quarter. The loss was due to consolidating costs and operating expenses from its April 2006 acquisition of Intentia, Lawson said. Excluding items, Lawson earned $4.7 million, or 2 cents a share, falling from $8.1 million, or 8 cents a share, in the same quarter 2005. Revenue increased 84% to $161.8 million. Excluding items, revenue would have been $166.4 million. Analysts polled by Thomson First Call were looking for earnings of one cent a share on revenue of $163.2 million.

Looking ahead, Lawson forecast second-quarter earnings of breakeven to a loss of 2 cents a share and revenue of $172 million to $180 million. Non-GAAP revenue will range from $175 million to $183 million. Excluding items, the company is looking for earnings of 3 cents to 5 cents a share, while Wall Street is forecasting earnings of 3 cents a share on $178.2 million in revenue. Separately, the company said Robert A. Schriesheim will join the company Oct. 5 and assume the role of chief financial officer Oct. 11. Shares sank 26 cents, or 3.6%, to $7 in after-market trading Tuesday.

TiVo

(TIVO) - Get TiVo Corp. Report

stumbled after

a federal appeals court setback in an ongoing patent dispute. The Alviso, Calif.-based company said U.S. Court of Appeals for the Federal Circuit granted the request of satellite broadcaster

EchoStar

(DISH) - Get DISH Network Corporation Class A Report

to stay an injunction against the sale of EchoStar's video-recording devices.

TiVo shares rose 14% back on Aug. 18, a day after a federal judge issued the injunction against EchoStar. The judge ruled for the digital-recording company and halted sales of certain EchoStar digital video recorders. The court also assessed the satellite broadcaster $89.6 million in damages. TiVo said, "We are confident that the jury's decision in TiVo's favor will be upheld once the Federal Circuit has the opportunity to review the entire record in this case."

TiVo also said it paid an undisclosed amount of cash to get a royalty-free patent cross-license with

IBM

(IBM) - Get International Business Machines Corporation Report

. TiVo said it and IBM reached the deal on Sept. 28. TiVo's license to Armonk, N.Y.-based IBM "extends to all products other than digital-media recorders and digital-media-recorder software." Shares dropped 47 cents, or 6.3%, to $7.05.