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Wednesday's Early Winners & Losers

Amazon.com climbs after a third-quarter earnings beat.

Amazon.com

(AMZN) - Get Amazon.com, Inc. Report

surged 11% in after-hours trading Tuesday after the online retail giant posted third-quarter profit and sales that beat analysts' expectations and guided the Street higher on fourth-quarter sales projections.

The online retailer said it earned $19 million in the third quarter, or 5 cents a share, down from $30 million, or 7 cents a share, a year earlier. Net sales increased 24% to $2.31 billion. Analysts polled by Thomson First Call had been looking for a 3-cent EPS profit on sales of $2.25 billion. Looking ahead to the fourth quarter, Amazon said it expects sales between $3.63 billion and $3.95 billion, or growth of 22% to 33%. First Call was expecting fourth-quarter revenue of $3.68 billion. Shares were trading up $3.77, to $37.40.

CheckFree

(CKFR)

tumbled nearly 16% after the Atlanta-based company beat Wall Street estimates for its first-quarter earnings but posted sales that were shy of expectations and offered light guidance that scared off investors. The company said it earned $31.4 million, or 34 cents a share, up from $26.4 million, or 28 cents a share, a year ago. Excluding certain items, the electronic-payment services company earned $38.6 million, or 42 cents a share, compared with $43.1 million, or 46 cents a share, in the same quarter last year. Revenue tallied $228.6 million vs. $213.7 million in the year-ago quarter.

Analysts surveyed by Thomson First Call expected EPS of 39 cents on sales of $229.5 million. For the second quarter, the company forecast revenue between $230 million and $235 million. CheckFree expects to earn 33 cents to 35 cents a share, with pro forma EPS ranging from 40 cents to 42 cents. Analysts forecast EPS of 45 cents and revenue of $238.3 million for the second quarter. Shares were falling $6.81, to $36.70.

Cymer

(CYMI)

reported third-quarter results that showed a year-over-year increase in profits. The San Diego-based laser-light manufacturer posted net income of $27 million, or 68 cents a share, up from the $12.7 million, or 35 cents a share, it posted in the third quarter of 2005. Third-quarter revenue was $143.9 million, up 44% from the $99.7 million it generated in the prior-year period. Analysts, on average, were looking for earnings of 65 cents a share on roughly $147 million in revenue, according to the Thomson First Call estimate.

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Looking forward, the company expects fourth-quarter revenue will be down about 5% to 7% from the third quarter. Analysts expect revenue of $153.3 million in the fourth quarter. Shares of Cymer were trading down $4.20, or 9.3%, at $41 in recent after-market trading.

Buffalo Wild Wings

(BWLD)

heated up after the Minneapolis, Minn.-based restaurant chain operator beat Wall Street's third-quarter expectations. The company earned $3.5 million, or 40 cents a share, up from $1.9 million, or 22 cents a share, a year ago. The 2005 quarter included an impairment charge of $622,000, or 4 cents a share. Revenue increased 32.1% to $68.3 million. Wall Street was looking for earnings of 31 cents a share on revenue of $64.9 million.

Company-owned restaurant sales grew 32.5% to $60.8 million. Same-store sales increased 11.8% at company-owned restaurants and 6.4% at franchised restaurants. The company said its annual goals for the next three years are to expand its unit base by more than 15%, grow revenue by more than 20%, and leverage the growth to increase its bottom line by more than 25%. Shares were trading up $4.20, or 10.2%, to $45.50.

Endwave

(ENWV)

surged after the Sunnyvale, Calif.-based communications-equipment company swung to a third-quarter profit due to strong customer demand for its mobile-infrastructure products. The company posted income of $911,000, or 6 cents a share, compared with a loss of $193,000, or 2 cents a share, a year ago. Excluding items, the company posted earnings of $2 million, or 14 cents a share, compared with income of $732,000, or 6 cents a share, a year ago. Revenue totaled $18.8 million, up from $14.3 million a year ago. Shares were trading up $1.30, or 11.3%, to $12.80.

Candela

(CLZR)

took off after the Wayland, Mass.-based company, which makes cosmetic-surgery lasers, blew by Wall Street's first-quarter earnings expectations. The company posted income of $4.4 million, or 18 cents a share, compared with $3 million, or 13 cents a share, a year ago. Revenue totaled $33.5 million, up 19% from a year ago. Wall Street was looking for earnings of 5 cents a share on revenue of $31.3 million.

"We are pleased with the quarter," said president and CEO Gerard E. Puorro in a statement. "We have set our goals for the full year at 15%-18% top-line growth, and operating profits at 15%-18%, exclusive of extraordinary litigation expenses. We are where we expected to be following our first quarter." Shares were trading up $1.71, or 15.6%, to $12.67.