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

Oracle

(ORCL) - Get Report

, 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

Activision

(ATVI) - Get Report

, 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

Vivendi's

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

Nike

(NKE) - Get Report

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

(LDK)

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

NYSE

, 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.

Elsewhere,

Paychex

(PAYX) - Get Report

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.