Cisco Systems Inc. (CSCO US) rose $1.73, or 5.8 percent, to $31.42 in trading after the official close of U.S. exchanges. The world's largest maker of computer-networking equipment forecast first-quarter sales of $9.45 billion to $9.55 billion. That beat the average analyst estimate of $9.39 billion, according to a Bloomberg survey.
Heelys Inc. (HLYS US) fell $7.34, or 33 percent, to $14.65 in extended trading. The maker of wheeled sneakers said it expects to earn 28 cents to 30 cents a share in the third quarter. The average estimate from four analysts was 34 cents, according to a Bloomberg survey.
Leap Wireless International Inc. (LEAP US) dropped $10.36, or 13 percent, to $70 in extended trading. The owner of the Cricket and Jump mobile-phone services said second-quarter profit fell 56 percent after the company increased spending to expand its network. Earnings were 5 cents a share, missing the 6-cent average estimate from analysts in a Bloomberg survey.
PeopleSupport Inc. (PSPT US) rose $1.07, or 11 percent, to $10.71 in extended trading. The company, which offers customer service and payroll outsourcing services, reported profit excluding some items of 19 cents a share in the second quarter. That exceeded the 2-cent average estimate from analysts in a Bloomberg survey. The company said it plans to buy back as much as $25 million shares.
Perini Corp. (PCR US) rose $8.16, or 16 percent, to $58.55 in extended trading. The largest U.S. builder of hotels and convention centers reported profit of $1.01 a share in the second quarter, beating the 61-cent average estimate from analysts in a Bloomberg survey. The company boosted its 2007 earnings forecast.
Priceline.com Inc. (PCLN US) rose $6.70, or 10 percent, to $71.79 in extended trading. The online travel agency said second- quarter earnings more than doubled on increased demand for hotel rooms in Europe. Excluding certain items, Priceline.com said it earned $1.11 a share. Analysts had estimated earnings of 89 cents, the average of seven projections compiled by Bloomberg. The company boosted its forecast for full-year earnings.
