NEW YORK ( TheStreet) -- Shares of FSI International ( FSII) were slumping in extended trading after the Minneapolis-based maker of microelectronics manufacturing equipment issued a disappointing outlook for the first quarter. The company was able to top Wall Street's expectations for its fiscal fourth-quarter profit but revenue came in at $28.8 million for the three months ended in August, below the average analysts' view of $29.4 million, and FSI projected a steep sequential decline in the current first quarter, estimating revenue will range from $10 million to $12 million because of the "timing of requested shipments" by several of its major customers. As a result, it sees a loss of $3.5 million to $4 million in the period. That forecast compares to the current average estimate of analysts polled by Thomson Reuters for earnings of 11 cents a share in the November period on revenue of $26.6 million. The stock was last quoted at $2.67, down 13.3%, on after-hours volume of more than 200,00, according to Nasdaq.com. Based on Tuesday's regular session close of $3.08, the shares were up 3.1% so far in 2010, but the stock had fallen 40% since reaching a 52-week high of $5.17 on June 21. Another loser in late trades was Intuitive Surgical ( ISRG), which fell 3% to $270.60 on volume of roughly 525,000. The Sunnyvale, Calif.-based maker of robotic surgery systems reported earnings of $87 million, or $2.14 a share, for the three months ended Sept. 30, beating Wall Street's consensus view of $2.10 a share, but its revenue total of $344.4 million was short of the analysts' average estimate of $349.5 million. Based on Tuesday's regular session close at $279.04, Intuitive Surgical's stock was already down about 6% year-to-date. The volatile shares have seen a sharp comedown since hitting a 52-week high of $393.92 in mid-April, so the company's relatively modest beat -- a 2% surprise to the upside compared to an average positive surprise of 15% in the previous four quarters -- could spell trouble in Wednesday's session.
On the positive side of the ledger, Stryker Corp. ( SYK) rose late Tuesday after the Kalamazoo, Mich.-based medical products manufacturer came in 4% ahead of Wall Street's profit expectations for its third-quarter results. Areas of strength for the company were its domestic sales, which rose almost 10% to $1.17 billion in the quarter, and sales of MedSurg equipment, such as surgical navigation systems, which increased more than 16% to $739 million. The stock last changed hands at $52.65, up 5.2%, on volume of nearly 100,000, according to Nasdaq.com. Year-to-date, the shares were basically flat at their regular session closing price of $50.07, but they've rebounded 17% since scraping a 52-week low of $42.74 on August 24. Although the volume is comparably light, the percentage jump in extended trades for Dearborn Bancorp ( DEAR) was notable. The stock leapt 30.3% to $2.28 on volume of around 14,000 late Tuesday after the Dearborn, Mich.-based holding company for Fidelity Bank said it earned $631,000, or 8 cents a share, in its fiscal third quarter ended Sept. 30. Among the more high-profile names moving on their quarterly reports late Tuesday, Yahoo! ( YHOO) was up 1% to $15.65; Cree ( CREE) was down almost 8% to $48.80; and Juniper Networks ( JNPR) lost around 3% to $29.66. -- Written by Michael Baron in New York. >To contact the writer of this article, click here: Michael Baron. >To submit a news tip, send an email to: email@example.com