The Day's Winners

Shares of

Avon Products

(AVP) - Get Avon Products, Inc. Report

rose 2% to $48.94 after the company reiterated its second-quarter guidance and full-year outlook, saying it was comfortable with Wall Street's consensus. The direct seller of makeup expects to meet or beat the First Call estimate of 63 cents a share for the quarter, while it expects to earn $2.30 for they year, compared to the consensus of $2.31. Avon said its investments would offset any negative effects of weaknesses in Latin American currencies.

Call center operator

Metro One Telecommunications

(MTON)

was climbing about 15% to $12.72 after the company raised its second-quarter guidance, saying it expects to earn 28 cents to 30 cents a share. Analysts polled by Thomson Financial/First call had been looking for 27 cents. The company said its results were from improved operating efficiency and better margins.

Amkor

(AMKR) - Get Amkor Technology, Inc. Report

tacked on about 29% to $5.01 after the company reiterated its second-quarter guidance and said it sees no reason for the recent drop in its stock price. Amkor expects 20% sequential revenue growth, with a gross margin of about 3%. The company said wafer fab revenue would be flat, but based on current customer forecasts, assembly and test revenue will see double-digit growth in the third quarter. Amkor expects to have about $140 million in cash at the end of June, as well as an unused $100 million revolving credit facility.

3Com

(COMS)

was gaining 17% to $4.71 after the company posted an unexpected fourth-quarter pro forma profit. 3Com earned $12.8 million, or 4 cents a share, on an operating basis, compared with a loss of $206.3 million, or 61 cents a share a year ago. Wall Street had been looking for a loss of 2 cents. The company's better-than-expected results were the result of cost cutting measures, as quarterly revenue fell by 25%. The shares were climbing despite a warning from the company that the first quarter would see a loss of 3 cents to 6 cents a share and sales would fall by as much as 10%.

The Day's Losers

TheStreet Recommends

Matria Healthcare

(MATR) - Get Mattersight Corporation Report

dropped 34% to $7.95 after slashing its full-year guidance. The company now expects to earn 10 cents to 12 cents a share on revenue of $69 million for the second quarter, with EPS of 68 cents to 75 cents on revenue of $277 million to $283 million for the full year. Analysts polled by First Call had expected 31 cents in the quarter and $1.40 for the year. Martria said it had "misjudged" the timing of the implementation of new management systems.

Shares of

priceline.com

(PCLN)

slid about 29% to $2.72 after the Internet travel company lowered its revenue forecast and said EPS would be at the low end of previous guidance. The company expects second-quarter revenue about 5% below the low end of its previous guidance and EPS of 3 cents a share, missing Wall Street's consensus estimate of 4 cents. Priceline said the shortfall will be caused by weakness in its airline ticketing business, which has not seen the traditional increase in June bookings.

Palm Harbor Homes

(PHHM)

dropped about 4% to $21.69 after the manufactured home maker said it would post a "modest loss" in the first quarter instead of the 15 cent profit expected by analysts. The company said weakness in its markets were caused by financing changes that make it more difficult for potential purchasers to receive loans. Additionally, Texas, one of the company's most important markets, has passed new legislation forcing buyers to use more complicated mortgage financing. Palm Harbor said it could not offer full-year guidance due to the market's continued volatility.

Cirrus Logic

(CRUS) - Get Cirrus Logic, Inc. Report

shed 7% to $6.07 on reduced first-quarter guidance. The company warned that it would post a loss of 8 cents to 10 cents a share on revenue of $74 million to $77 million, down from an earlier forecast of a loss of 6 cents to 10 cents on revenue of $87 million to $88 million. Cirrus said its shortfall will be caused by weakness in demand from

Thomson Multimedia

, the company which manufactures DVD subsystems for

Microsoft's

Xbox. Cirrus said it expects double-digit growth in its non-Xbox business and it has trimmed its operating expenses, which should help to offset the revenue shortfall going forward.