Hyperion Solutions ( HYSL) shares jumped in late trading Thursday after the business-software maker posted fiscal fourth-quarter results that beat Wall Street's estimates. The company reported earnings of $18.3 million, or 31 cents a share, compared with $20.7 million, or 33 cents a share, a year ago. Excluding items, earnings totaled $28.9 million, or 48 cents a share, for the June quarter. Analysts' mean estimate called for earnings of 43 cents a share, according to Thomson First Call. Hyperion's revenue increased 18% to $223.9 million, easily surpassing Wall Street's forecast of $201.6 million.For the first quarter, Hyperion said it expects to earn 34 cents to 39 cents a share, before items, on revenue of $188 million to $193 million. Analysts had forecast EPS of 33 cents and revenue of $184 million. For the full fiscal year, Hyperion expects to earn $1.62 to $1.70 a share on revenue of about $825 million. Analysts had projected earnings of $1.61 a share on revenue of $797 million. Separately, Hyperion announced that it will use technology from Informatica ( INFA) to integrate its System 9 offering with a variety of data sources. Hyperion shares climbed $3.07, or 11%, to $31.46 after hours. Informatica shares jumped 76 cents, or 6.4%, to $12.64. Broadcom ( BRCM) shares were hit in the after-hours session as the communications-chip maker delayed releasing its profit figures for the second quarter because of its review into its stock-options policies. The company did report second-quarter sales of $941.1 million, compared with analysts' forecast of $941.8 million. Separately, F5 Networks ( FFIV) made a similar move, delaying its June quarter report due to a likely options-related restatement. F5 did report revenue of $100.1 million, above Wall Street's target of $97.3 million. Broadcom shares dropped $2.24, or 8.5%, to $24.11 in late trading, while F5 declined $2.42, or 5.1%, to $45.53.
Shares of Capital One Financial ( COF) declined after the Virginia-based bank's second-quarter profit fell short of analysts' expectation. Capital One earned $552.6 million, or $1.78 a share, up from $531.1 million, or $2.03 a share, a year earlier. The results were pulled down by the company's U.K. business, which Capital One said is being hit by a worsening credit environment. The company recorded incremental reserves and a writedown related to the U.K. that shaved 16 cents a share off earnings. Analysts, on average, expected earnings of $2.06 a share. Capital One backed its forecast for 2006 earnings of $7.40 to $7.80 a share. Analysts see earnings of $7.91 a share for the year. The company's shares slid $6.02, or 7%, to $80.15 after hours. Cognos ( COGN) surged after the Ottawa-based software maker said the Securities and Exchange Commission finished a review of its financial reports without any objection to the company's revenue recognition policy. In May, Cognos said the review related primarily to how it allocated revenue for post-contract customer support in contracts having multiple elements. The company, which delayed filing its annual report, will announce first-quarter results Friday. Cognos also said it will file its annual report for fiscal 2006 and its quarterly report for the quarter ended May 31 as soon as possible. Shares jumped $1.93, or 7.2%, to $28.75 in the postclose session. Shares of Avid Technology ( AVID) lost ground after the digital-media toolmaker reported a drop in second-quarter earnings. The company earned $2.7 million, or 6 cents a share, compared with $13.6 million, or 37 cents a share, a year ago. The most recent quarter's earnings included certain charges totaling $11.8 million, or 28 cents a share. Adding back the charges would produce a profit before items of around 34 cents. Revenue rose to $222.2 million from $160.1 million. Wall Street was looking for earnings of 33 cents a share, before items, on revenue of $222.1 million. Avid also said its board approved the buyback of up to $50 million in shares. Shares fell $1.57, or 4.4%, to $33.76 after hours. Shares of Zhone Technologies ( ZHNE) sank in late trading Thursday after the data- and voice-services provider posted a wider second-quarter loss. The company recorded a loss of $13.1 million, or 9 cents a share, compared with a loss of $3.4 million, or 4 cents a share, a year ago. The most recent quarter included a $7.2 million inventory writeoff. Analysts were looking for break-even earnings, according to Thomson First Call. Revenue rose to $54.2 million from $30.4 million a year ago, but missed analysts' forecast of $56.2 million. Zhone shares fell 39 cents, or 21%, to $1.51 after hours.