Coldwater Creek ( CWTR) shares jumped in late trading Wednesday after the women's apparel and accessories retailer beat Wall Street's fourth-quarter earnings expectations. The company posted income of $18.9 million, or 20 cents a share, up from $11.4 million, or 12 cents a share, a year ago. Sales increased 41% to $287.9 million. Analysts polled by Thomson First Call had an average forecast for earnings of 17 cents a share and $255.35 million in sales.

"Our positive results for the fourth quarter were due to a combination of compelling merchandise and the effectiveness of our triple-channel marketing strategy, which resulted in strong full-price selling and increased profitability for the period," said Dennis Pence, chairman and chief executive, in a statement. Shares advanced $1.50, or 6.9%, to $23.21 in after-hours trading.

Wind River ( WIND) shares dropped after the software maker reported lower-than-anticipated fourth-quarter results and issued downside guidance for the first quarter and full year. Earnings, excluding items, were $10.3 million, or 11 cents a share, up from $6.1 million, or 7 cents a share, a year earlier. The earnings were a penny short of the analyst estimate. The company said that revenue rose to $70.2 million from $63.2 million in the fourth quarter last year. Analysts were looking for revenue of $73.9 million.

For the current quarter, Wind River projects revenue of $65 million to $67 million and earnings of 3 cents to 4 cents a share. Wall Street had targeted $72.34 million in revenue and a profit of 8 cents a share. The company forecast full-year EPS of 38 cents to 43 cents on revenue of $290 million to $300 million. Analysts had projected earnings of 47 cents a share on $314.5 million in sales. Wind River shares sank $2.27, or 15%, to $13.09 in after-hours trading.

Comtech Telecommunications ( CMTL) advanced after the company beat Wall Street second-quarter earnings expectations. The company posted earnings of $13.3 million, or 50 cents a share, compared with $10.2 million, or 39 cents a share, from a year ago. Excluding stock-based compensation expense, earnings a share totaled 54 cents, exceeding analysts' projection of 33 cents. Revenue for the quarter ended Jan. 31 totaled $95.7 million, up from $78.1 million a year ago. Wall Street expected a top line of $85 million. Comtech gained $2.03, or 6.3%, to $34.40 after hours.

Shares of Casey's General Stores ( CASY) slipped after the convenience store operator missed Wall Street's third-quarter earnings expectations. The company's earnings for the quarter ended Jan. 31 rose to $7 million, or 14 cents a share, from $2.5 million, or 5 cents a share, a year ago. The year-ago quarter included a loss of $4.9 million, or 10 cents a share, from discontinued operations. Analysts were looking for earnings of 20 cents a share. Revenue increased to $803 million from $653.1 million a year ago. Shares slipped 32 cents, or 1.2%, to $25.95 in late trading.

Shares of Vertex Pharmaceuticals ( VRTX) fell even though the company said its rheumatoid arthritis drug, VX-702, met its primary objectives in a 12-week phase II clinical study involving 315 patients. Vertex said a preliminary analysis indicated that VX-702 was well-tolerated through 12 weeks of dosing, and demonstrated statistically significant clinical effects on signs and symptoms of rheumatoid arthritis. Vertex said it anticipates that results from the study will be presented at a medical conference later in 2006. Shares fell $3.10, or 7.7%, to $37.18 after hours.

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