Tuesday after hours

Physicians Formula Holdings Inc.’s (Nasdaq: FACE) stock dropped by $1.90, or 8.7%, to $20.05 after the closing bell today after the Azusa, Calif.-based company released its first quarter financial results and second quarter outlook. For the three months ended March 31, the cosmetic company posted net income of $0.30 on revenue of $35.7 million. Net income included $0.03 per share of non-cash compensation expense after tax and $0.01 per share of secondary offering costs after tax. Excluding these items, adjusted net income per diluted common share would have been $0.34 for the first quarter of 2007. Three analysts polled by Thomson First Call had estimated earnings per share of $0.27 on revenue of $34 million. Looking ahead, though, the company predicted it would report a net loss between $0.04 and $0.01 on revenue of between $24.5 million to $25.5 million for the second quarter. Analysts were expecting earnings per share of $0.18 on revenue of $28.6 million.

Shares of S1 Corp. (Nasdaq: SONE) dipped by $0.17, or 2.5%, to $6.78 in after-hours trading today when the Atlanta-based financial software company released its first quarter financial results and full-year guidance. S1 earned $0.05 per share on revenue of $47.6 million. Analysts had estimated earnings per share of $0.05 on revenue of $48.2 million. For 2007, S1 expects GAAP earnings of between $0.25 and $0.28 per share on revenue in the range of $200 million to $206 million. Analysts were expecting non-GAAP EPS of $0.21 on revenue of $201.2 million.

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