I wanted to highlight a few outstanding companies that reported after the bell today – Jupiter Media (JUPM), Cutera (CUTR) and SRA International (SRX).
Jupiter Media (JUPM) is a leader in internet research and digital images and has been growing and fast and furious in the last 2 years. The company reported earnings today that were in line with estimates and revenues that just beat estimates.. Apparently that wasn’t quite good enough as the stock is trading down more than 5% after hours.
The stock broke out above 20 in mid July with good volume but still faces resistance at all time highs in the 24 – 25 range. A retreat to the breakout point around 20 would offer a buy opportunity if you missed the initial breakout.
Cutera (CUTR), a provider of of products used in non invasive aesthetic procedures, is a company on the mend after struggling for most of ’04. After reporting quarter over quarter earnings growth of 300% last quarter, the company topped that today with growth of 450%, smashing estimates by .09 cents a share and raising guidance for ’05. No surprise that the company is up nearly 10% after hours.
Too bad the stock couldn’t make this kind of move AFTER earnings! I was hoping it would behave itself long enough to provide a decent entry point after earnings, but it didn’t happen. Along with USNA, this chart has to be up there at the top of the "best looking" charts list.
SRA International (SRX), a provider of information technology services and solutions in national security, civil government and health care really began to hit its stride in ’02 and has posted very consistent growth of around 35% on average each quarter since. Another solid quarter was posted after the bell as the company beat by a penny, however issued guidance for next quarter a penny below. Revenue estimates are in line. The stock is up 2% after hours.
Technically, the stock broke out of a somewhat sloppy base back in April and has had a decent run by gaining 17%. However, the action is a bit shaky with volatile swings and poor up versus down volume. Currently it sits just above support of the 50 day moving average.
Other Notables Posting After the Bell…
Herbal Life (HLF), Oil States Intl (OIS), LECG Corp (XPRT), Maritrans (TUG) and General Growth Properties (GGP).