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10-25-2006, 06:40 PM
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MarketWatch
Wednesday's biggest stock gainers and decliners
Wednesday October 25, 7:15 pm ET
By Michael Baron
Advancers
Amazon.com (NASDAQ:AMZN) shares surged 12% Wednesday after the company reported that even though third-quarter sales rose 24%, profit plunged by more than a third on the cost of employee stock options and heavier spending on technology and marketing.
Anadigics (NASDAQ:ANAD) shares rose 7.8% after the Warren, N.J.-based supplier of wireless and broadband products late Tuesday reported a third-quarter net loss of $1.31 million, or 3 cents a share, compared with a loss of $6.78 million, or 20 cents a share, last year. Excluding items, the company reported a per-share profit of 2 cents. Revenue rose to $44.8 million from $29.3 million. Analysts polled by Thomson First Call had forecast a per-share profit of a penny on revenue of $43.6 million. Anadigics expects breakeven results on a per-share basis in the fourth quarter, or earnings of 5 cents a share excluding items.
Applied Biosystems (NYSE:ABI) shares jumped 14% after the company posted earnings before items of 29 cents a share for the fiscal first quarter ended Sept. 30. Revenue rose 15% in the latest three months to $476.3 million from $415.5 million in the same period a year earlier. Wall Street's consensus estimate was for a profit of 25 cents a share in the period on revenue of $450.2 million.
Arrow Electronics Inc. (NYSE:ARW) shares climbed 6% after the company reported third-quarter earnings of $85.9 million, or 70 cents a share, up from a year-ago profit of $63.5 million, or 52 cents a share. Excluding certain restructuring charges, the Melville, N.Y., electronics components maker earned $87 million, or 71 cents a share, in the latest quarter. This performance included stock option expense of $2.2 million, or 2 cents a share. Sales rose in the latest three months to $3.45 billion from $2.71 billion in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of 70 cents a share in the September period. Looking ahead, Arrow forecast earnings of 71 to 75 cents a share for the fourth quarter, including stock option expense, on sales of between $3.43 billion and $3.63 billion.
Avaya (NYSE:AV) shares advanced 8.4% after the maker of corporate phone systems said its fiscal fourth-quarter earnings fell sharply from the year-ago period, when the company received a large tax benefit. The company reported net income of $48 million, or 10 cents a share, down from $660 million, or $1.36 a share, a year ago. Revenue rose 5% to $1.36 billion as Avaya sold more Internet-telephony equipment. Excluding items, the company said it would have earned 17 cents a share, down from 20 cents a year ago. On that basis, the vendor was expected to earn 13 cents a share on revenue of $1.34 billion, according to the consensus of analysts surveyed by Thomson First Call.
Brookfield Homes Corp. (NYSE:BHS) shares gained 6.1% after the company reported third-quarter earnings of $27.6 million, or $1.03 a share, down 27% from $37.8 million, or $1.20 a share, during the year-ago period. The home builder posted revenue of $176.2 million for the latest three months vs. $267.7 million a year ago.
Buffalo Wild Wings (NASDAQ:BWLD) shares surged 19% after the Minneapolis-based restaurant operator posted third-quarter earnings of $3.5 million, or 40 cents a share, up from a year-ago profit of $1.9 million, or 22 cents a share. Revenue rose 32% to $68.3 million in the quarter with same-store sales rising 11.8%. RBC lifted its rating on the stock to outperform in the wake of the results, bumping its price target to $55 from $40.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/cbsm/061025/28e6794588664d3cb69f69561991fb0d.html?.v=5)
MarketWatch
Wednesday's biggest stock gainers and decliners
Wednesday October 25, 7:15 pm ET
By Michael Baron
Advancers
Amazon.com (NASDAQ:AMZN) shares surged 12% Wednesday after the company reported that even though third-quarter sales rose 24%, profit plunged by more than a third on the cost of employee stock options and heavier spending on technology and marketing.
Anadigics (NASDAQ:ANAD) shares rose 7.8% after the Warren, N.J.-based supplier of wireless and broadband products late Tuesday reported a third-quarter net loss of $1.31 million, or 3 cents a share, compared with a loss of $6.78 million, or 20 cents a share, last year. Excluding items, the company reported a per-share profit of 2 cents. Revenue rose to $44.8 million from $29.3 million. Analysts polled by Thomson First Call had forecast a per-share profit of a penny on revenue of $43.6 million. Anadigics expects breakeven results on a per-share basis in the fourth quarter, or earnings of 5 cents a share excluding items.
Applied Biosystems (NYSE:ABI) shares jumped 14% after the company posted earnings before items of 29 cents a share for the fiscal first quarter ended Sept. 30. Revenue rose 15% in the latest three months to $476.3 million from $415.5 million in the same period a year earlier. Wall Street's consensus estimate was for a profit of 25 cents a share in the period on revenue of $450.2 million.
Arrow Electronics Inc. (NYSE:ARW) shares climbed 6% after the company reported third-quarter earnings of $85.9 million, or 70 cents a share, up from a year-ago profit of $63.5 million, or 52 cents a share. Excluding certain restructuring charges, the Melville, N.Y., electronics components maker earned $87 million, or 71 cents a share, in the latest quarter. This performance included stock option expense of $2.2 million, or 2 cents a share. Sales rose in the latest three months to $3.45 billion from $2.71 billion in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of 70 cents a share in the September period. Looking ahead, Arrow forecast earnings of 71 to 75 cents a share for the fourth quarter, including stock option expense, on sales of between $3.43 billion and $3.63 billion.
Avaya (NYSE:AV) shares advanced 8.4% after the maker of corporate phone systems said its fiscal fourth-quarter earnings fell sharply from the year-ago period, when the company received a large tax benefit. The company reported net income of $48 million, or 10 cents a share, down from $660 million, or $1.36 a share, a year ago. Revenue rose 5% to $1.36 billion as Avaya sold more Internet-telephony equipment. Excluding items, the company said it would have earned 17 cents a share, down from 20 cents a year ago. On that basis, the vendor was expected to earn 13 cents a share on revenue of $1.34 billion, according to the consensus of analysts surveyed by Thomson First Call.
Brookfield Homes Corp. (NYSE:BHS) shares gained 6.1% after the company reported third-quarter earnings of $27.6 million, or $1.03 a share, down 27% from $37.8 million, or $1.20 a share, during the year-ago period. The home builder posted revenue of $176.2 million for the latest three months vs. $267.7 million a year ago.
Buffalo Wild Wings (NASDAQ:BWLD) shares surged 19% after the Minneapolis-based restaurant operator posted third-quarter earnings of $3.5 million, or 40 cents a share, up from a year-ago profit of $1.9 million, or 22 cents a share. Revenue rose 32% to $68.3 million in the quarter with same-store sales rising 11.8%. RBC lifted its rating on the stock to outperform in the wake of the results, bumping its price target to $55 from $40.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/cbsm/061025/28e6794588664d3cb69f69561991fb0d.html?.v=5)