Shares of Foxhollow Technologies plummeted in late trading Thursday after the medical device-maker posted a wider first-quarter loss. The company's loss swelled to $14.6 million, or 60 cents a share, from $6.5 million, or 29 cents a share, last year. Excluding stock-compensation costs and a charge related to the retirement of its CEO, Foxhollow earned 1 cent a share. Revenue surged to $46.6 million from $21.5 million. Analysts polled by Thomson First Call were looking for a loss of 20 cents a share -- including stock options and the retirement charge -- on revenue of $45.3 million. Looking ahead, FoxHollow forecast second-quarter revenue of $46 million to $48 million and a loss of 12 cents to 16 cents a share. Wall Street is projecting a loss of 5 cents a share and revenue of $50.8 million. For the full year, the company still expects a loss of 20 cents to 40 cents a share and revenue of $210 million to $220 million. Shares fell $6.80, or 22%, to $24.40 in late trading. Open Text ( OTEX - Get Report) slumped after the Canadian company posted third-quarter results that missed Wall Street's expectations. The software maker reported income of $7.3 million, or 15 cents a share, compared with $5.3 million, or 10 cents a share, a year earlier. Excluding items, earnings for the March quarter were $13.7 million or 27 cents a share. Revenue fell to $100.9 million from $105.2 million a year ago. Analysts projected earnings of 29 cents a share, before items, on revenue of $106.4 million. For the fourth quarter, Open Text predicted revenue of $100 million to $110 million and adjusted earnings of 25 cents to 35 cents a share. Analysts, on average, forecast fourth-quarter earnings of 33 cents a share and revenue of $114.3 million. Shares sank $3.01, or 16%, to $16.10 after hours.
Axcelis Technologies ( ACLS - Get Report) shares advanced after the chip-equipment maker topped first-quarter sales projections and offered a second-quarter forecast that exceeded estimates. The company reported earnings of $545,000, or a penny per share, down from $1.9 million, or 2 cents a share, a year earlier. Sales fell to $97.9 million from $100 million a year ago. The earnings matched analysts' mean estimate, while sales topped Wall Street's expectation of $96.2 million. For the second quarter, Axcelis sees earnings of 10 cents to 14 cents a share, with revenue of $112 million to $122 million. Wall Street forecasts called for a profit of 4 cents a share on revenue of $102.9 million. Shares climbed 68 cents, or 11%, to $6.72 in late trading. Bookham sank as the optical networking-parts maker posted a worse-than-expected loss. The company posted an adjusted loss of $46 million, or 34 cents a share, on sales of $53.4 million for the quarter ended April 1. Those numbers compare with an adjusted loss of $10 million, or 19 cents a share, on $60.7 million in revenue for the December quarter. Analysts were looking for a third-quarter loss of 20 cents on sales of $52.7 million. The company blamed the hefty loss on high costs related to the shutdown of its Paignton, U.K., factory and lower production in the quarter. For the current quarter, Bookham sees revenue of $52 million to $55 million. Analysts predict a top line of $53.5 million. Shares dropped 92 cents, or 15%, to $5.36 after hours. Internap Network Services surged after posting better-than-expected first-quarter results and raising its full-year revenue guidance. For the first quarter, the company reported income of $541,000, or less than 1 cent a share, compared with a year-earlier loss of $570,000, or less than 1 cent a share. Excluding certain items, the company would have earned a penny a share. Revenue increased 12.6% to $42.6 million. Analysts were looking for break-even earnings on revenue of $40.2 million.
For the full year, Internap forecast 10% to 12% revenue growth, up from an earlier guidance of 5% to 7%. Analysts are looking for revenue of $164.5 million. Shares gained 15 cents, or 11%, to $1.51.