Wednesday's Late Winners & Losers
After a late-day slide in the regular session, stocks were mostly heading north after the close amid a trickle of new earnings releases.
Among the big winners was
Charlotte Russe
(CHIC) - Get Global X Funds Global X MSCI China Communication Services ETF Report
, which vaulted 15.5% after the women's-apparel retailer pocketed earnings of $8.4 million, or 33 cents a share, in the fiscal fourth quarter. That beats Thomson Financial's analyst estimates by a penny a share, despite representing a tumble from last year. Shares were up $2.21 to $16.50.
Fuqi International
(FUQI)
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, a China-based jewelry maker, jumped 15.2% to $8.88 after comprehensive third-quarter income (including foreign currency translation adjustments) surged to $3 million, or 21 cents a share, from 8 cents a share a year ago. Revenue shot up 89.9% year over year to $36.2 million.
Network Appliance
(NTAP) - Get NetApp Inc. Report
, of Sunnyvale, Calif., saw heavy, mixed postclose action after non-GAAP earnings came to $116.4 million, or 32 cents a share, in the fiscal second quarter. That easily beats Wall Street's forecast for 26 cents a share, and first-quarter income was also predicted to come in ahead of expectations. Still, shares of the Sunnyvale, Calif., purveyor of data-management systems recently gave up 0.7% following some wavy trading.
Elsewhere, California's
Applied Materials
(AMAT) - Get Applied Materials Inc. Report
gave up 5.1%, even though the semiconductor equipment maker topped bottom-line projections for the fiscal fourth-quarter. Non-GAAP income was off 2.2% to $471.9 million, though on a per-share basis it rose by a penny to 34 cents. Revenue dropped 6% to $2.37 billion, a hair below expectations. Shares were trading at $17.85.
