Wednesday's Late Winners & Losers - TheStreet

Wednesday's Late Winners & Losers

eBay moves higher after posting a first-quarter earnings beat.
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The somewhat sluggish regular session was punctuated by the more successful financial sector Wednesday, but some financial stocks -- most notably,

E*Trade

(ETFC) - Get Report

-- caught up to those losses after hours.

The most heavily traded stock, however, was a

climbing

eBay

(EBAY) - Get Report

. The online auctioneer made 34% more than last year in the first quarter -- $460 million (on a non-GAAP basis), or 33 cents a share, compared with Thomson Financial's 30-cent analysts' estimates. Sales of $1.77 billion topped targets, as well. Shares added 2.4% to $35.28 in recent after-hours action.

Among other late winners, staffing-services firm

Labor Ready

(LRW)

soared 28.9% to $23.45 after handily beating top- and bottom-line first-quarter earnings estimates, as well as announcing a $100 million buyback program.

Chemical Financial

(CHFC)

shot up by 51.8% on its own stock repurchase authorization for 500,000 shares. The Michigan-based bank surged $14.98 to $43.92.

Returning to the post-bell financial losers, online broker E*Trade was among the most heavily traded after

slashing

full-year 2007 guidance to range between $1.55 to $1.75 a share. This leans slightly to the lower end of the consensus. Shares trailed $1.03, or 4.7%, to $21.10.

First Horizon National

(FHN) - Get Report

was also on the downswing, lately losing 3.2% to $39.90 after posting lower-than-expected first-quarter income of 55 cents a share.

BankUnited

(BKUNA)

shares were off 0.7% to $23 on news of a $160 million equity-unit offering, with an underwriter's option of around $24 million to cover any overallotments, and credit-card processor

Alliance Data Systems

(ADS) - Get Report

sank 3.8% to $63.80 despite beating projections and raising its full-year cash-earnings guidance.

Spansion

(SPSN)

slid 19.5% to $10.05, meanwhile, after the Sunnyvale, Calif., chipmaker's first-quarter loss was

more than twice

what the Street was expecting. The firm's $627.8 million revenue was also well under estimates. Semiconductor-equipment maker

Novellus Systems

(NVLS)

lost 2.8% at $31.81 after

missing income estimates

by 2 cents.

Elsewhere, power-conversion-products maker

Power-One

(PWER)

cut its guidance to a loss of 14 cents a share on $124 million in revenue, down from its prior upside forecast. Analysts are seeking penny-a-share profits on $129.6 million in revenue. Shares were sinking 11.5% to $4.85.

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