(By Salman - iStockAnalyst Writer)

Late on Monday, ATS Medical Inc. (NASDAQ: ATSI) announced that its fourth quarter net loss widened to $8.51 million or 13 cents a share from $6.16 million or 10 cents a share in the prior year quarter. On an adjusted basis, the company reported a loss of 2 cents a share. Revenue climbed to $18.03 million from $14.22 million. Analysts on average were looking for a loss of 1 cent a share on revenue of $17.75 million for the quarter. Chairman, President and Chief Executive Officer Michael Dale commented "The fourth quarter was a milestone quarter for ATS Medical as strong revenue growth and record gross profit margin performance enabled us to generate a non-GAAP operating profit excluding non-recurring charges."

BIDZ.com, Inc. (NASDAQ: BIDZ) said that its fourth quarter net income nearly halved to $2.9 million or 13 cents a share from $8.2 million or 29 cents a share in the same quarter, a year ago. Revenue decreased to $35.1 million from $63.2 million. Consensus estimates were for earnings of 13 cents a share on revenue of $48.10 million for the quarter. President Leon Kuperman stated "Given the unprecedented challenges that we and most companies faced over the holiday season, we are very pleased to report EPS in-line with our previously issued EPS guidance range. While the retail spending environment remains exceedingly difficult and we expect will continue to be so through 2009, we believe that our focus on profitability and gross margins combined with our ongoing cost cutting initiatives, will allow us to remain profitable and financially strong while increasing our market share in the global jewelry market." Shares of the company slumped over 16% in extended trading.

DTE Energy Co. (NYSE: DTE) reported that fourth quarter net income slumped to$129 million or 80 cents a share from $255 million or $1.56 a share in the comparable quarter, a year ago. Revenue slipped to $2.17 billion from $2.21 billion. Analyst on average had forecast earnings of 98 cents a share on revenue of $2.10 billion. Looking ahead, for full fiscal year 2009, the company expects to post operating earnings in the range of $2.75 to $3.05 a share which compares to Wall Street estimate of $3.15 a share. Chairman and CEO Anthony F. Earley Jr. said "We expect the challenging economy to continue in 2009 and are prepared to adjust our plans as conditions change," Earley added. "Building on last year's accomplishments, 2009 priorities are to create value through effectively launching renewable and energy optimization programs, successfully executing key regulatory proceedings to provide earnings stability and continuing to deliver significant and sustainable cost savings.