NEW YORK (
) -- Fellow high-fliers
were starring in late trades on Wednesday after both companies topped Wall Street's expectations for their quarter results.
Netflix -- the top gainer in the
in 2010 with a gain of more than 250% -- was last quoted at $200.55, up 9.6%, on volume of 2.9 million, according to
, after the movie subscription service
of 87 cents a share for its fiscal fourth quarter ended in December, roughly 22% ahead of the average estimate of analysts polled by
for earnings of 71 cents a share.
Qualcomm shares have risen 10% in the past year, reaching a 52-week high of $53.10 last week, and the stock was advancing another 6.1% to $55.01 in extended action on volume of 6.6 million. Riding heavy demand for smartphones, the San Diego wireless chip technology developer
with an adjusted profit of 82 cents a share on revenue of $3.4 billion. Wall Street was looking for earnings of 72 cents a share on revenue of $3.2 billion
wasn't doing quite as well. The stock was last quoted at $32.23, down 2.5%, on volume of 2.5 million, after the Seattle-based coffee giant's
The company, whose shares have jumped 49% in the past 52 weeks, said it expects earnings of $1.44 to $1.47 a share for the fiscal year ending in September, below the current average estimate of analysts polled by
for a profit of $1.49 a share. Starbucks said rising commodity costs were the culprit, estimating a reduction in earnings per share of 20 cents for the year, primarily because of higher coffee expenses.
Another standout gainer was
, which rose more than 5% to $51.25 on volume of less than 60,000.
The Brentwood, Tenn.-based retailer of agricultural equipment and supplies said it earned $50.2 million, or 67 cents a share, in the December quarter, beating Wall Street's view by a nickel, as total sales increased nearly 20% to $1.03 billion and same-store sales jumped 13.1%.
Shares of Tractor Supply, which also offered up an above-consensus outlook for fiscal 2011, have appreciated more than 90% in the year, and were already trading above their 52-week high of $49.64 in late trades.
wasn't attracting buying interest in the extended session, however, as its shares pulled back 2.5% to $15.39 on volume of more than 100,000 after its quarterly report.
The online broker posted a loss of $24 million, or 11 cents a share, for its fourth quarter ended Dec. 31, well short of a consensus analysts' view for a profit of 4 cents a share. E*Trade said its provision for loan losses increased on a sequential basis to $194 million from $152 million in the third quarter.
E*Trade said the higher loan loss provision was the result of a $60 million increase in the "qualitative component" of its loan loss reserves to reflect the swelling of its loan modification program, and that it doesn't expect to record a similar large boost in future quarters. It also cited higher advertising spending as a contributing to its loss.
The big loser among NYSE-listed stocks was
, which saw its shares drop more than 24% to $2.72 on volume of 2.9 million after the closing bell.
Quantum, a San Jose, Calif., provider of data backup and recovery products and services, fell short with its performance in its fiscal third quarter ended in December, posting revenue of $176 million well beneath the average analysts' view of $192.4 million.
It also offered a weak outlook for the current period, forecasting non-GAAP earnings of 4 to 5 cents a share on revenue ranging from $165 million to $175 million vs. Wall Street expectations for a profit of 9 cents a share on revenue of $185.2 million.
Written by Michael Baron in New York.
>To contact the writer of this article, click here:
>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.