Updated from 10:53 a.m. EDT
Earnings Reports & OutlooksFileNet (FILE), a maker of content management software, reported first-quarter earnings of 4 cents a share, beating estimates by 3 cents. The company expects second-quarter earnings of 2 cents to 5 cents a share, which would be below the consensus target of 6 cents. Shares of FileNet were gaining 11% to $17.10. Iona Technologies (IONA) met analysts' expectations for the first quarter, posting a loss of 8 cents a share, excluding items. The company also projected a second-quarter loss, before items, of 2 cents to 6 cents a share, but Wall Street expects a profit of 5 cents. The stock was down 13% to $13.03.
Kana Software (KANA) reported first-quarter earnings, before items, of 2 cents a share, which met analysts' estimates. Revenue fell to $25 million from $37 million a year ago. The stock was down 10% to $12.74. MGM Mirage (MGG), the casino operator, was up 8% to $38.86, a 52-week high, after reporting first-quarter earnings that easily beat expectations. The company said revenue slipped to $1.02 billion from $1.07 billion a year ago. Millipore (MIL) posted first-quarter earnings from continuing operations of 40 cents a share, topping expectations by a penny. Shares of Millipore, which provides technology and services to companies developing therapeutic drugs, were up 7% to $42.75. Siebel (SEBL) was down 8% to $26 ahead of its quarterly earnings release scheduled for later Wednesday. Analysts polled by First Call expect the company to earn 12 cents a share, down from 15 cents in the year-ago quarter. WebEx Communications (WEBX) was up 13% to $17.90 after reporting first-quarter earnings, before items, of 3 cents a share, a penny ahead of estimates. The company also forecast second-quarter earnings of 3 cents to 5 cents, compared with the consensus estimate of 4 cents.