Qualcomm ( QCOM) after the bell Wednesday reported net income of $538 million, or 32 cents a share, for the fourth quarter ended Sept. 25, up from $393 million, or 23 cents a share, a year ago. Excluding certain items, Qualcomm earned $543 million, or 32 cents a share, a penny short of analysts' mean estimate. Revenue rose to $1.56 billion from $1.12 billion last year. Analysts predicted revenue of $1.54 billion, according to Thomson First Call. For the fiscal first quarter, the wireless technology company expects to earn 36 cents to 38 cents a share on revenue of $1.67 billion to $1.77 billion. Wall Street's forecast calls for earnings of 35 cents a share and revenue of $1.66 billion. The stock was up 62 cents, or 1.5%, to $41. Priceline.com ( PCLN) said it earned $170.6 million, or $3.71 a share, for the third quarter, up from $9.3 million, or 23 cents a share, a year ago. The latest results included a $160 million net noncash tax benefit. Excluding items, the travel services company earned $19.3 million, or 47 cents a share. Priceline's revenue rose 9.7% to $258.8 million from $235.9 million last year. The results easily beat analysts' expectations for earnings of 37 cents a share and revenue of $242.9 million. Looking ahead, the company anticipates fourth-quarter earnings of 24 cents to 28 cents a share and full-year earnings of $1.33 to $1.37 a share. The forecasts exclude any one-time items. Wall Street projected earnings of 28 cents a share for the fourth quarter and $1.26 for the year. Shares of Priceline surged $2.98, or 15.3%, to $22.48 in after-hours trading. Symbol Technologies ( SBL) reported third-quarter net income of $16.7 million, or 7 cents a share, down slightly from $17.8 million, or 7 cents a share, a year earlier. The bar-code technology company said revenue for the quarter increased to $432 million from $429.2 million last year. The results beat analysts' forecasts for a profit of 3 cents a share and sales of $429.3 million.
For the fourth quarter, Symbol expects to earn 6 cents to 8 cents a share, with revenue flat with the third quarter's $432 million. Analysts predict earnings of 7 cents a share and revenue of $446.5 million. The stock gained 63 cents, or 7.8%, to $8.75 after hours. Univision Communications' ( UVN) third-quarter profit rose to $79.2 million, or 23 cents a share, from $73.4 million, or 21 cents a share, a year ago. The earnings per share beat analysts' mean estimate by a penny. Meanwhile, the Spanish-language media company said revenue for the quarter grew to $497.5 million from $477.4 million last year, surpassing Wall Street's estimate of $490.7 million. The company also said its board authorized the repurchase of an additional $500 million of its outstanding class A shares. The stock was up $1.21, or 6.7%, to $16.80 in after-hours trading. Macrovision ( MVSN) posted earnings of $6.1 million, or 12 cents a share, for the third quarter, up from $1.3 million, or 3 cents a share, a year ago. Excluding items, the company earned $7 million, or 14 cents a share. The software company reported revenue for the quarter of $46.6 million, down from $48.9 million last year. The results missed analysts' targets for earnings of 16 cents a share, before items, and revenue of $47 million. "The growth rate in DVD sales continues to decline, which impacted revenues from our copy protection business," said Fred Amoroso, president and CEO, in a statement. Macrovision also cut its forecast for the full year. The company now expects full-year earnings of 79 cents to 81 cents a share on revenue of $202 million to $204 million. Previously, Macrovision predicted 2005 earnings of 89 cents to 92 cents a share, and revenue of $205 million to $215 million. The company sees fourth-quarter earnings of 28 cents to 30 cents a share and revenue of $60 million to $62 million. Analysts were expecting fourth-quarter earnings of 35 cents a share on revenue of $65.7 million, and earnings of 89 cents a share on revenue of $208.2 million for the year. The stock tumbled $1.21, or 6.7%, in after-hours trading, to $16.80.
LMI Aerospace ( LMIA) said it signed a $170 million tentative five-year agreement with Gulfstream Aerospace for wing and fuselage components and kits for the Gulfstream G450, G500 and G550. "With the execution of this agreement, we will have approximately 80% of our total expected revenue for 2006 under long-term agreements," said Ronald Saks, LMI's president and chief executive, in a statement. The stock jumped $2.33, or 33%, to $9.39 in after-hours trading. American Eagle Outfitters ( AEOS) said its October same-store sales rose 17.4%, while its total sales rose to $157 million from $127.9 million in the year-ago period. The teen-apparel retailer raised its third-quarter earnings forecast to 45 cents to 46 cents a share from its previous estimate of 43 cents to 44 cents. The company attributed the higher outlook to strengthened sales trends in October and a lower effective tax rate. The stock was up $1.89, or 7.7%, to $26.45 in after-hours trading. Hot Topic's ( HOTT) October same-store sales fell 5.7%. Total sales for the month rose 6% to $59.5 million. Based upon the sales results, the retailer now expects earnings to be at the low end of its previous guidance range of 15 cents to 18 cents a share. The stock dropped $1.02, or 6.8%, to $13.97 after hours. Skyworks Solutions ( SWKS) said it earned $3.1 million, or 2 cents a share, for the fourth quarter ended Sept. 30, down from $14.6 million, or 9 cents a share, a year ago. Excluding items, the company earned $8.9 million, or 4 cents a share. Revenue for the quarter dropped to $190.2 million from $218.1 million last year. Analysts expected the company to earn 4 cents a share on $190.6 million. The stock was down 35 cents, or 6.3%, to $5.20 in after-hours trading.