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,
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.