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Wednesday's Late Winners & Losers

Oracle's earnings push the stock skyward.
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A fresh stream of earnings reports and guidance tugged stocks in both directions after the closing bell on Wednesday.

Among the big winners was application-software giant



, which said non-GAAP earnings

shot up 38.5% year over year to $1.61 billion, or 31 cents a share. Analysts polled by Thomson Financial were looking for just 27 cents a share. Revenue surged 27.2% from a year ago to $5.36 billion, which beats estimates by about $320 million.

Shares of the Redwood City, Calif. company were up $1.29, or 6.2%, to $22.05, which more than erases all of today's heavily-traded losses in the regular session.

Fellow Californian tech name



, a video-game publisher, added 3.3% after

padding its top- and bottom-line guidance for the third quarter. Activision boosted its earnings outlook by a dime to 80 cents a share, excluding costs related to its recent

merger deal with


video-game operations, and revenue is now pegged at $1.38 billion vs. the prior $1.23 billion outlook.

Accordingly, fiscal 2008 projections were upped by those same amounts. For the third quarter, analysts are currently looking for 69 cents a share on $1.21 billion in revenue. Activision shares were trading at $27.68.

Away from the tech sector, shoe maker



posted a 10.4% year-on-year profit jump to $359.4 million, or 72 cents a share, on revenue that climbed 13.5% to $4.34 billion. That

comfortably beats Wall Street projections, which had the Beaverton, Ore., company earning 66 cents a share on $4.21 billion in sales. Shares gained 2.4% at $65.30.

On the flip side,

LDK Solar


was losing ground after market close even though its third-quarter profit met analysts' expectations. The China-based solar-cell maker posted income of $41.6 million, or 37 cents per American depositary share, for a 27.6% sequential surge. The equivalent year-ago figure, before the company went public on the


, was 4 cents per ADS.

Sales totaled $158.7 million, handily beating the $143.2 million average target, and the company issued a bullish next-quarter outlook. Still, shares were recently losing $3.73, or 5.6%, to $62.38.




traded mostly in negative territory after the payroll processor guided

slightly below analysts' views for fiscal 2008. The Rochester, N.Y., company also posted EPS of 40 cents, which represents a nickel rise from last year and beats the Street by a penny, but shares were nevertheless shedding 1.6% at $37.88 in recent after-hours action.