Amgen ( AMGN) kicked off the earnings parade after the bell Wednesday, posting a third-quarter profit of $967 million, or 77 cents a share. A year earlier, the company earned $236 million, or 18 cents a share. The biotech company said revenue for quarter rose to $3.15 billion from $2.71 billion last year. Excluding items, the company earned 85 cents a share. Analysts expected earnings of 83 cents a share on revenue of $3.25 billion, according to Thomson First Call. Amgen also reiterated its 2005 earnings projection of $3.10 to $3.20 a share on revenue growth in the mid-to-high teens percentage. Shares of Amgen fell by $3.67, or 4.7%, to $74.42 in after-hours trading. eBay ( EBAY) said it earned $255 million, or 18 cents a share, for the third quarter, up from $182.3 million, or 13 cents a share, a year ago. The online auction site said revenue for the quarter was $1.1 billion. On a pro forma basis, eBay earned $280.2 million, or 20 cents a share. Analysts projected earnings of 20 cents a share on revenue of $1.08 billion, according to First Call. The stock dropped $2.60, or 6.2%, to $39.41 in after-hours trading. Cirrus Logic ( CRUS) narrowed its loss to $99,000, or a break even on a per-share basis, for the second quarter ended Sept. 24, from a loss of $15 million, or 18 cents a share, a year earlier. The maker of analog and mixed-signal integrated circuits said revenue for the quarter was $50.5 million, down from $51.3 million. Excluding certain items, the company would have earned $6.8 million, or 8 cents a share. Analysts expected earnings of 7 cents a share on revenue of $46.8 million. For the third quarter, Cirrus projects revenue of $45 million to $49 million. Wall Street sees revenue of $47.6 million. The stock was down 18 cents, or 2.62%, to $6.70 after hours.
E*Trade Financial's ( ET) third-quarter earnings rose to $107.5 million, or 28 cents a share, from $79.3 million, or 21 cents a share, a year earlier. Revenue for the online bank increased 26% to $422.8 million from $335.1 million. Analysts expected a profit of 27 cents a share on revenue of $406.24 million. E*Trade said total client assets rose 28% year over year to $106.4 billion. The company also lifted its 2005 earnings forecast to $1.04 to $1.09 a share from its prior guidance of 96 cents to $1.06 a share. E*Trade gained 15 cents to $17.20 in after hours. Netflix ( NFLX) reported net income of $6.9 million, or 11 cents a share, on revenue of $174.3 million for the third quarter. This compares with net income of $18.9 million, or 29 cents a share, on revenue of $141.6 million a year ago. Excluding certain items, Netflix would have earned $13.4 million, or 20 cents a share. Analysts, on average, expected earnings of 15 cents a share and revenue of $175 million. The company also said that total subscribers rose 61% from a year earlier to 3.59 million, and its churn rate, reflecting subscribers who don't renew their monthly subscription service, declined to 4.3%. Netflix predicted a year-end subscriber count of 4.1 million, up from the previous 3.95 million, and fourth-quarter revenue of $193 million. Shares were off by $1.34, or 4.7%, to $27.01 in after-hours trading. PMC-Sierra ( PMCS) said it earned $5.9 million, or 3 cents a share, for the third quarter ended Oct. 2, down from $6.3 million, or 3 cents a share, a year ago. The provider of high-speed broadband and storage semiconductors said revenue rose 7.1% to $76.2 million from $71.2 million last year. Excluding certain items, PMC earned $13.5 million, or 7 cents a share. The results fell short of analysts' forecasts for adjusted earnings of 6 cents a share and revenue of $77.3 million. The stock dropped 26 cents, or 3.3%, to $7.67 in after-hours trading.
Torchmark ( TMK) reported third-quarter net income of $119 million, or $1.14 a share, down from a profit of $124 million, or $1.12 a share, a year ago. The life and health-insurance holding company said net operating income for the quarter was $122 million, or $1.16 a share, which matched the mean estimate of analysts polled by First Call. The stock was unchanged at $53.91. Juniper Networks ( JNPR) said third-quarter net income rose to $84.1 million, or 14 cents a share, from $48.8 million, or 8 cents a share, a year earlier. Juniper said revenue for the quarter grew 46% to $546.4 million from $375 million last year. Excluding certain items, the company earned $114.7 million, or 19 cents a share. Analysts had forecast earnings of 18 cents a share and revenue of $531.1 million. Juniper was up 86 cents, or 3.9%, to $22.85 in after-hours. VeriSign's ( VRSN) third-quarter profit rose to $45 million, or 17 cents a share, from $40 million, or 16 cents a share, a year ago. The provider of infrastructure services said revenue for the quarter rose 28% to $415 million from $325.3 million last year. "Our third quarter results were mixed with strong demand across our Internet and core communications services, offset by a shortfall in revenues from the Mobile Content business," said Stratton Sclavos, chairman and chief executive. On a non-GAAP basis, VeriSign earned $102 million, or 27 cents a share, matching analysts' mean estimate. The stock was up 56 cents, or 2.6%, to $21.80 in after-hours trading. Tractor Supply ( TSCO) said it earned $18.3 million, or 45 cents a share, for the third quarter ended Sept. 24, up from $7.6 million, or 19 cents a share, a year ago. Revenue for the quarter rose 12.5% to $479.6 million from $426.4 million last year, while same-store sales increased 1.8%. Analysts expected earnings of 38 cents a share on revenue of $481.5 million. For the fiscal 2005, Tractor expects net income of $1.95 to $1.97 a share on revenue of $2.01 billion to $2.02 billion. The stock was up $1.23, or 2.8%, to $45 in after-hours trading.
A.C. Moore ( ACMR) swung to a third-quarter loss of $1.9 million, or 10 cents a share, from net income of $865,000, or 4 cents a share, a year ago. Revenue for the quarter grew 6.9% to $115.1 million from $107.7 million last year. "Customer traffic dropped 6.2% during the quarter, which we believe was due in part to unusually hot and dry weather, as well as the adverse impact of rising gasoline prices on consumer expenditures,' said Jack Parker, A.C. Moore's CEO. Analysts expected a loss of 11 cents a share on revenue of $115.6 million. For the fourth quarter, the company expects to earn 65 cents to 73 cents a share, below Wall Street's forecast of 80 cents a share. The stock was down 67 cents, or 4.4%, to $14.50 in after-hours trading. Hub Group ( HUBG)said it earned $9.6 million, or 47 cents a share, for the third quarter, up from $3.6 million, or 17 cents a share, a year earlier. The freight-management transportation company reported a 10% rise in revenue to $399.4 million from $362.1 million last year. The results topped analysts' forecast for a profit of 44 cents a share on sales of $391.5 million. For 2005, Hub anticipates earnings of $1.45 to $1.53 a share, bracketing analysts' average forecast of $1.48 a share. The stock was unchanged at $35.