Shares of Coinstar ( CSTR) were among Nasdaq's winners Friday, rising 22% after the operator of coin-counting machines posted better-than-expected third-quarter results and announced an agreement with Wal-Mart ( WMT). The company earned $6.8 million, or 27 cents a share, on sales of $118.7 million, for the third quarter. Excluding items, the company would have earned 30 cents a share. Analysts polled by Thomson First Call expected earnings of 28 cents a share on sales of $117 million. A year earlier, Coinstar earned $6.6 million, or 30 cents a share, on sales of $106.4 million. Looking ahead, Coinstar forecast fourth-quarter adjusted earnings of 21 cents to 27 cents a share, bracketing analysts' mean estimate of 24 cents. The company sees sales of $124 million to $131 million, above Wall Street's expectation of $118.7 million. Finally, Coinstar said that it will install 100 of its self-service coin-counting machines in Wal-Mart stores on a test basis. There isn't a long-term commitment in the agreement, Coinstar said. Shares recently gained $4.24 to $23.47. Deckers Outdoor ( DECK) fell 15% after the outdoor-footwear company reported third-quarter earnings that topped expectations, but projected fourth-quarter results below Wall Street forecasts. The company's third-quarter earnings rose to $8.2 million, or 63 cents a share, from $5.8 million, or 47 cents a share, a year earlier. Sales grew to $69.2 million from $55.8 million. Analysts anticipated earnings of 59 cents a share and sales of $69.5 million. Deckers forecast fourth-quarter earnings of 60 cents to 64 cents a share on sales of $72 million to $75 million. Analysts had been expecting earnings of 83 cents a share and sales of $80.6 million. For next year, the company forecast earnings of $2 to $2.15 a share and sales of $255 million to $265 million, which is well below forecasts that called for earnings of $2.58 a share and sales of $274.1 million. Shares tumbled $3.08 to $18.16.
Shares of WebEx Communications ( WEBX) dropped 16% after the provider of Internet conferencing systems posted lower-than-expected third-quarter results and fourth-quarter guidance. For the third quarter, the company earned $12.7 million, or 26 cents a share. Excluding items, the company would have earned $13.1 million, or 27 cents a share, a penny below Wall Street's earnings per share estimate. A year ago, the company posted earnings, before items, of $11.8 million, or 26 cents a share. WebEx's third-quarter sales rose to $78.6 million from $64 million, but were below analysts' mean estimate of $79.1 million. For the fourth quarter, WebEx forecast adjusted earnings of 27 cents to 29 cents a share on sales of $81 million to $83.5 million. Analysts projected earnings of 30 cents a share and sales of $85.3 million. Shares declined $4.39 to $22.61. Overstock.com ( OSTK) fell 5% after the Internet retailer posted a third-quarter loss that was wider than expected. The company's loss swelled to $14.2 million, or 75 cents a share, on sales of $169.3 million. Analysts anticipated a loss of 51 cents a share and sales of $159.3 million. A year ago, Overstock reported a loss of $3 million, or 16 cents a share, on sales of $103.4 million. Shares traded down $1.70 to $31.22. Shares of Petroquest Energy ( PQUE) fell 4% after the company posted third-quarter results that fell below expectations. Petroquest earned $5 million, or 10 cents a share, on sales of $31.3 million, for the third quarter. Wall Street had targeted earnings of 16 cents a share and sales of $32.9 million. In last year's third quarter, the company earned $3.9 million, or 8 cents a share, on sales of $22.6 million. Shares were trading down 44 cents to $9.61. NYSE volume leaders included Lucent Technologies ( LU), up 3 cents to $2.78; Pfizer ( PFE), up 8 cents to $21.18; Exxon Mobil ( XOM), down 58 cents to $55.02; Texas Instruments ( TXN), up 8 cents to $27.55; EMC ( EMC), up 13 cents to $13.86; Chevron ( CVX), down $1.40 to $55.10; and Calpine ( CPN), down 10 cents to $2.05.
Nasdaq volume leaders included Microsoft ( MSFT), up 54 cents to $25.39; Qualcomm ( QCOM), down $2.20 to $40.85; Intel ( INTC), up 4 cents $22.88; Maxim Integrated ( MXIM), down $4.95 to $34.01; Novavax ( NVAX), down 56 cents to $3.44; Sirius Satellite Radio ( SIRI), up 5 cents to $5.91; Applied Materials ( AMAT), down 52 cents to $16.19; and Cisco Systems ( CSCO), up 12 cents to $17.17.