Astronics ( ATRO) plummeted more than 20% after the company said fourth-quarter income slid 2 cents per share from a year ago to 10 cents, or $807,000. The East Aurora, N.Y., company, which makes lighting and power-generation systems for the aerospace industry, also restated its 2005 numbers downward in order to account for erroneous revenue-recognition timing. Shares were giving up $3.86 to $14.95. WCI Communities ( WCI) shares were leaping some 17% on word Carl Icahn and his limited partnership affiliates will make a
$22-a-share bid for the Florida-based homebuilding company. Shares were up $3.19 to $22.16. Deltathree ( DDDC) shares climbed after the New York-based company announced it will exclusively provide voice-over-Internet-protocol (VoIP) services for Panasonic's Globarange hybrid phones via its new "joip" brand. Deltathree shares were adding 13 cents, or 7.5%, to $1.86. Matsushita Electric Industrial ( MC), which operates the Panasonic brand, was dipping 26 cents, or 1.3%, to $20.20. Canada's Ivanhoe Energy ( IVAN) climbed after reporting it had produced high quality oil at its California test facility "using an innovative operating method based on a simple, once-through configuration" that simultaneously creates larger amounts of byproduct energy. Shares were trading up 16 cents, or 7.9%, to $2.19. Electronics company Technitrol ( TNL) got a lift after it predicted 2007 sales will lean to the higher end of its prior range of $233 million to $236 million. Analysts are looking for $234.2 million. The Trevos, Pa., company was gaining $2.63, or 11.8%, to $24.86.
Infocrossing ( IFOX) sank 14% after the Leonia, N.J., maker of business-software company posted earnings of 12 cents a share, or $2.9 million. This compares with a 1-cent loss last year, but it also misses two analysts' estimates by a penny. Revenue, at $58.9 million, was just under the only analyst target of $58.9 million. Looking ahead, the company expects 2007 revenue to total $250 million to $255 million -- at least $5 million short of the only projection. Shares were off $2.25 to $13.81. Saba Software ( SABA) dropped after cutting its guidance for the fiscal third quarter. The California-based company now expects a non-GAAP bottom-line of between break-even and 2 cents a share, compared with prior estimates of 7 cents to 10 cents a share. Analysts are calling for 10 cents a share. Earnings for the quarter already in progress are also projected to miss Street targets. Shares were losing 98 cents, or 13.8%, to $6.13. Shuffle Master ( SHFL) will restate its results for the fiscal year ended Oct. 31, correcting for a $1.2 million earnings overstatement arising from an intercompany sale from which profits were mistakenly recorded. The Las Vegas-based gambling-equipment maker was down $2.06, or 10.6%, to $17.31. Texas-based oil driller Exploration Company ( TXCO) swung to a fourth-quarter loss of $4.4 million, or 13 cents a share, compared with profits of 9 cents a share last year. Analysts were looking for a 13-cent upside. Shares were down $1.34, or 12.2%, to $9.66. Hancock Fabrics ( HKF) lost ground after the Mississippi-based company was removed from Standard & Poor's SmallCap 600 index. Shares were retreating 20 cents, or 8.2%, to $2.24.