Wind River Systems ( WIND) dropped after posting soft third-quarter guidance. The company said it earned $5.7 million, or 6 cents a share, for the second quarter ended July 31, compared with $3.3 million, or 4 cents a share, a year ago. Revenue for the quarter increased 12% to $66.7 million. Excluding items, the company earned $6.3 million, or 7 cents a share. Analysts polled by Thomson First Call expected a profit of 6 cents a share on revenue of $64.9 million. For the third quarter, Wind River expects non-GAAP earnings of 6 cents to 7 cents a share on revenue of $66 million to $67 million, compared with Wall Street's forecast of 9 cents a share on revenue of $69 million. The stock was down 88 cents, or 5.59%, to $14.85. Openwave Systems ( OPWV) signed a three-year managed services deal with South African mobile operator Vodacom. Under the agreement, Openwave will manage and maintain the Openwave Mobile Access Gateway, Multimedia Messaging Services Center, and Location Based Services platform in the Vodacom network. Terms were not disclosed. The stock was up 7 cents to $17.52. BioMarin Pharmaceuticals ( BMRN - Get Report) announced that Jeffrey Cooper has been promoted to chief financial officer, effective immediately. He will replace Louis Drapeau, who will retire at the end of October. The stock was unchanged at $8.04. Intel ( INTC - Get Report) and Cisco ( CSCO - Get Report) will expand their alliance to deliver new capabilities that enhance the reliability of wireless local area networks, and allow enterprises to use computers and the network as a combined defense against security threats. The new set of features produced jointly by the companies is called Business Class Wireless. Customers can expect Cisco NAC and Intel AMT to be compatible in the fourth quarter. Intel was up 4 cents to $25.76, while Cisco was unchanged at $17.75. Applebee's International ( APPB) said that same-store sales rose 1.3% for the four-week period ended Aug. 21, while same-store sales for franchise restaurants rose 2.2%. Comparable same-store sales for company restaurants declined by 1.5%, with guest traffic deceasing 4% to 4.5% combined with a higher average check. The company cites continued weakness in its Midwest and New England markets. The company said based on the current consumer environment, it now expects same-store sales for the remainder of the year to be in the range of down 3% to up 1% for company restaurants and from flat to up 3% for franchise restaurants. For the year, Applebee's expects to earn $1.33 to $1.40 a share and expects to earn 32 cents to 35 cents for the third quarter. The stock was down $1.34, or 5.59%, to $22.70 in after-hours trading.
CV Therapeutics ( CVTX) and Solvay Pharmaceuticals said the Food and Drug Administration approved expanded labeling for ACEON (perindopril erbumine) tablets for the treatment of patients with stable coronary disease to reduce the risk of cardiovascular mortality or non-fatal myocardial infarction. ACEN was indicated for the treatment of essential hypertension prior to the expansion. The stock was up 85 cents, or 3.16%, to $27.79 in after-hours trading. Key Tronic ( KTCC - Get Report) said it earned $2.8 million, or 28 cents a share, for the fourth quarter ended July 2, up from $265,000, or 3 cents a share, a year ago. The contract manufacturer said revenue increased 20% to $53.2 million from $44.4 million last year. "Our growth was driven by increased production on programs for both established and new customers from a wide range of industries, including telecommunications, home safety, toys and specialty printers and components," said CEO Jack Oehlke. For the third quarter, the company expects to earn 6 cents to 10 cents a share on revenue of $42 million to $47 million. The stock was up $1.47, or 34.6%, to $5.72. ACE*Comm ( ACEC) swung to a profit of $300,000, or 2 cents a share, for the fourth-quarter ended June 30, compared with a loss of $2 million, or 15 cents, a year ago. The provider of network business intelligence said revenue for the quarter rose to $6.8 million from $4 million last year. The stock was up 17 cents, or 6.64%, to $2.73. SeaChange International ( SEAC - Get Report) forecast a loss of $6.6 million, or 23 cents a share, on revenue of $26.2 million for the second quarter ended July 31. This compares with net income of $3.3 million, or 12 cents a share, on revenue of $43 million a year ago. SeaChange said it is currently completing the analysis of proper accounting treatment of its $8.3 million investment in Casa Systems made during the quarter. The investment represents a 19.8% ownership interest consisting of convertible preferred shares. "Given the temporary slowdown in the on-demand market, we believe our revenue for the year will be less than our previously issued guidance of $160 million," said CEO Bill Styslinger. The stock was down $1.26, or 18%, to $5.73. Handleman ( HDL) reported a loss of $3.6 million, or 17 cents a share, for the first quarter ended July 30, reversing net income of $900,000, or 4 cents a share, a year ago. Revenue for the quarter was $240.4 million. The category manager and distributor of prerecorded music cited lower gross profit margins and higher selling and general expenses for the weak earnings. The stock was unchanged at $14.78.