Accenture ( ACN) shares lost ground in late trading Tuesday after the consulting and outsourcing company reported that a hefty loss provision pulled down its second-quarter profit. Accenture's earnings for the quarter ended Feb. 28 dropped to $69.7 million, or 11 cents a share, from $209.8 million, or 35 cents a share, a year ago. The results included a $450 million pretax provision for future losses related to the company's future deployment of systems for the National Health Service in England. Without the NHS provision, the company would have posted earnings of 38 cents a share. Revenue was $4.49 billion, including reimbursements. Net revenue totaled $4.10 billion. Analysts polled by Thomson First Call were looking for earnings of 35 cents a share and revenue of $4.14 billion. For the third quarter, Accenture said it expects revenue of $4.3 billion to $4.5 billion and net earnings of 45 cents to 47 cents a share. The forecast is roughly in line with analysts' projection for a profit of 46 cents a share and revenue of $4.47 billion. Shares fell $2.06, or 6.7%, to $28.84 in after-hours trading. TD Ameritrade ( AMTD) said it expects to beat its earnings projection for the second quarter, sending shares higher in late trading. The brokerage said earnings for the quarter ending this week should exceed the high end of its forecast of 28 cents a share, thanks to higher-than-expected trading volume, balances and rates on investable assets. Shares rose 78 cents, or 4.1%, to $19.94 after hours. Shares of Seattle Genetics ( SGEN) fell after the biotech company said it plans to sell 7.3 million common shares. Banc of America Securities and CIBC World Markets will act as joint book-running managers for the offering. Also, the company said it will sell 1.12 million shares to investment funds affiliated with Baker Brothers Investments. Shares declined 49 cents, or 8.5%, to $5.25 in after-hours trading.
SigmaTel ( SGTL) shares moved higher after the chipmaker said that MP MAN, a European electronics manufacturer, will move its entire portfolio of MP3 player offerings to the company's systems. MP MAN sells 31 different digital audio player models in Europe, the U.S. and Asia. SigmaTel shares rose 24 cents, or 2.4%, to $10.15 in late trading. Shares of Impac Mortgage Holdings ( IMH) rose after the mortgage real estate investment trust boosted its dividend 25%. The company plans to pay a 25-cent quarterly dividend on April 14 to shareholders of record April 7. "We are pleased to be able to increase the company's common stock dividend after the fourth quarter 2005 disappointing results," Joseph Tomkinson, chairman and CEO, said in a statement. "The increase in the quarterly dividend was primarily the result of improved performance of our long-term investment portfolio as mortgage prepayments quarter-to-date have decreased as compared to the fourth quarter; and improved profitability at our mortgage operations." Shares advanced 76 cents, or 8.8%, to $9.40 in after-hours trading. Shares of Terayon Communication Systems ( TERNE) plummeted late Tuesday after the company said it expects to be delisted from Nasdaq in the next several days because it hasn't met filing requirements. Nasdaq had previously agreed to continue listing Terayon's stock, provided that the company made its required financial filings for the third quarter and 2005 on or before March 31. Terayon, which is in the midst of a restatement process, said it concluded the restatement won't be completed by the deadline. Terayon expects that its stock will be listed on the Pink Sheets. Shares dropped 16 cents, or 8.2%, to $1.80 in after-hours trading.