Sanmina-SCI ( SANM) shares jumped after hours Thursday after the company said it earned $15.1 million, or 3 cents a share, for the fourth quarter ended Oct.1, up from $5.3 million, or a penny a share, a year ago. Excluding items, the company earned $31.3 million, or 6 cents a share, beating analysts' mean estimate by a penny. The electronics manufacturer reported revenue of $2.77 billion, down from $3.3 billion last year. Analysts expected revenue of $2.7 billion, according to Thomson First Call. "We are well positioned to capture our share of new business and we are poised to grow at the same rate as the industry," said Jure Sola, chairman and CEO of Sanmina-SCI, in a statement. The stock gained 44 cents, or 12%, to $4.10 in after-hours trading. Starbucks ( SBUX) reported a 7% increase in October same-store sales, while consolidated net sales for the month rose to $550 million from $455 million last year. Starbucks attributed the strong growth to its handcrafted espresso beverages. The stock was up 67 cents, or 2.3%, to $30.10 in after-hours trading. Fluor's ( FLR) third-quarter profit surged to $131.2 million, or $1.51 a share, from $47.3 million, or 57 cents a share, a year ago. The latest results include a $30 million contract settlement and $32.9 million gain from a court ruling. Revenue for the quarter rose 45% to $3.4 billion from $2.4 billion last year. Analysts expected the company to earn 80 cents a share on revenue of $3.1 billion, according to First Call. The stock rose $2.61, or 4%, to $67.83 in after-hours trading. Expedia ( EXPE) said it earned $82 million, or 23 cents a share, for the third quarter, up from $58.1 million, or 17 cents a share, a year ago. The online travel agent's revenue rose to $584.7 million from $504 million last year. Profit excluding some costs was $126.9 million, or 35 cents a share. Analysts expected to Expedia to earn 31 cents a share, before items, on sales of $572.3 million. The company said gross bookings increased 21% from the year-ago period, with domestic booking rising 16% and international bookings up 39%. The stock jumped $2.99, or 14.4%, to $23.70 in after-hours trading.
Powerwave Technologies ( PWAV) reported third-quarter net income of $13.1 million, or 11 cents a share, up from $2.8 million, or 3 cents a share, a year ago. Excluding items, the company earned $18.2 million, or 15 cents a share, topping analysts' mean estimate of 11 cents. Revenue rose to $217.8 million from $138.3 million last year, surpassing the Wall Street estimate of $202.9 million. Powerwave shares rose 79 cents, or 6.5%, to $12.97 after hours. PW Eagle ( PWEI) swung to a profit of $2.9 million, or 30 cents a share, for the third quarter, compared with a loss of $240,000, or 3 cents a share, a year ago. The maker of pipe and tubing products said revenue rose to $176.2 million from $117.9 million last year. The one analyst polled by First Call expected earnings of 7 cents a share and revenue of $148.6 million. The stock soared $1.96, or 22.2%, to $10.81 in after-hours trading. ZipRealty ( ZIPR) reported third-quarter net income of $2.9 million, or 11 cents a share, below analysts' estimate of 13 cents a share. The real estate brokerage company posted net income of $1.3 million, or less than 1 cent a share, a year ago. Revenue rose to $28 million from $17.6 million last year. For the fourth quarter, the company expects to earn 2 cents to 4 cents a share on revenue in the range of $21 to $23 million. The guidance fell well short of analysts' estimate for earnings of 12 cents a share and revenue of $28 million. "It is important to appreciate that our fourth quarter and preliminary 2006 guidance is being provided in the context of what we believe to be a transitioning market, slowly shifting the advantage from sellers to buyers," said Chief Executive Eric Danziger. The stock tumbled $4.64, or 35.2%, to $8.53 in after-hours trading.
Audible ( ADBL) reported a third-quarter net loss of $189,000, or a penny a share, compared with net income of $484,000, or 2 cents a share, a year ago. Revenue rose 81% to $16.8 million from $9.3 million last year. The earnings and revenue matched First Call estimates. Audible said it acquired 79,800 customers during the quarter, representing 75% year-over-year growth. The stock was up 57 cents, or 5.6%, to $10.69 after hours. Atari ( ATAR) reported a loss of $25.2 million, or 20 cents a share, for the second quarter ended Sept. 30, wider than its year-earlier loss of $16.9 million, or 14 cents a share. Excluding certain charges, the company lost $22.3 million, or 18 cents a share. The video game maker said revenue for the quarter fell to $38.4 million from $67.9 million last year. Wall Street expected a loss of 18 cents a share on revenue of $30.5 million. "As expected, through the first half of fiscal 2006 we have released fewer titles compared to previous years and as a result have reported financial results below historical levels," said Bruno Bonnell, chairman, CEO and chief creative officer of Atari. The stock was unchanged at $1.28.