LOS ANGELES (MarketWatch) � Shares of Audience Inc. leapt Wednesday evening after the audio-processing technology firm issued a strong quarterly forecast, while shares of Wynn Resorts Ltd. fell after the casino operator�s quarterly adjusted earnings came in below Wall Street�s estimates.
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Audience shares ADNC �jumped 24% to $15.20 as the company said it expects first-quarter earnings of 15 cents to 19 cents a share on revenue of $43 million to $46 million. Analysts polled by Thomson Reuters had forecast earnings of 1 cent a share on revenue of $32 million.
For its fourth quarter, adjusted earnings at Audience, whose technology is used in mobile devices, were 14 cents a share. Revenue more than doubled to $38.7 million. Analysts were expecting earnings of 10 cents a share on revenue of $37 million. Read more about Audience's results and outlook.
Wynn WYNN �shares were off 0.8% at $124.20 following its report that fourth-quarter earnings excluding certain items were $1.17 a share. Revenue pulled back 4.1% to $1.29 billion from the year-earlier period.
Analysts polled by Thomson Reuters had been looking for earnings of $1.25 a share on revenue of $1.27 billion. Read more about Wynn's results.
Ahead of late trading, U.S. stocks fell after a report of higher jobless claims, but the benchmark indexes still finished with their strongest starting months in years. See more about Thursday and monthly action in U.S. stocks.
The Dow Jones Industrial Average DJIA �rose 5.8% for the month, its best January since 1994. The S&P 500 Index SPX �notched a monthly gain of 5%, marking its best January advance since 1997 and the Nasdaq Composite Index COMP �ended 4% higher in January.
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