Wednesday's Late Winners & Losers - TheStreet

Wednesday's Late Winners & Losers

Possis Medical climbs on an approved new use for its AngioJet Spiroflex catheter.
Author:
Publish date:

Possis Medical

(POSS)

shot up more than 15% in late trading Wednesday after the Food and Drug Administration approved its AngioJet Spiroflex VG catheter for a new indication -- blood clot removal in coronary conduits. The product is already indicated for blood-clot removal in large arteries outside the heart. Shares were up $1.99 to $14.90.

Israel's

Aladdin Knowledge Systems

(ALDN)

climbed after its eSafe content-security software was selected to secure the systems of the roughly 6,800 member institutions of the Consortium for the Indian Information Technology Education in India. Specific terms weren't disclosed, but Aladdin says it will charge a "nominal fee." Shares were rising 78 cents, or 4.6%, to $17.75 in recent after-hours action.

Retail Ventures

(RVI) - Get Report

, which operates retail chains DSW, Filene's Basement and Value City, posted impressive results for the quarter ended Feb. 3. Excluding items, per-share earnings surged by 56 cents year over year to 62 cents, or $29.3 million, shattering the sole analyst's 30-cent per-share consensus per Thomson Financial. Same-store sales were down 2.8% from last year, but total revenue rose 6.5% to $874 million, topping the single estimate by $9.4 million. The Ohio-based company was rising 88 cents, or 4.1%, to $22.26.

Rackable Systems

(RACK)

slid some 8%, meanwhile, after the maker of computer servers and storage systems predicted a first-quarter loss due to "intense competitive conditions for business at

its largest customers" that forced gross margins down about 30% below original expectations. Analysts are predicting nickel-a-share profits. Shares of the Milpitas, Calif., company were off $1.37 to $15.51.

Restoration Hardware

(RSTO)

, a California-based home-furnishing retailer, predicted dismal fiscal 2007 profits of between 10 cents and 15 cents a share -- at least 21 cents under Street targets. It also reported swinging to a 34-cent per-share profit in the quarter ended Feb. 3, but this fell 2 cents short of projections. Shares were sinking 39 cents, or 5.9%, to $6.25 in recent after-hours trading.