This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Early Tech Stocks in Motion

Updated from 7:07 a.m. EST

Texas Instruments (TXN) trimmed its earnings and sales guidance during its mid-quarter conference call. The technology company forecast earnings of 22 cents to 24 cents a share on revenue of between $2.91 billion and $3.03 billion. It had previously predicted earnings of 22 cents to 25 cents a share on sales of $2.9 billion to $3.14 billion. The Thomson First Call consensus estimates calls for earnings of 24 cents a share on sales of $3.041 billion. TI shares were recently down 72 cents to $26.65.

Seagate (STX) forecast third-quarter earnings of 36 cents a share Monday night, about 3 cents above current estimates. The hard-drive maker put revenue at $1.87 billion and gross margin at 23%, both roughly in line with the Wall Street consensus. Seagate raised its quarterly dividend to 8 cents from 6 cents and offered a bullish market assessment, saying "Industry demand this quarter clearly illustrates that disc-based storage has emerged as an enabling platform for the electronics industry beyond general computing." The shares were up 34 cents to $19.17 on Instinet.

Perficient (PRFT) filed a registration statement Monday night with the Securities and Exchange Commission for a proposed public offering of 5,032,600 chares of its common stock. Of the total, 4,250,000 shares will be sold by Perficient and 782,600 by certain non-affiliate selling stockholders. The company intends to use a much of the net proceeds from the offering for future aquisitions and will use a small portion to reduce debt. The stock tanked $1.15 to $8.29 Tuesday morning.

Able Labs (ABRX) said fourth-quarter earnings nearly tripled to $6.2 million, or 32 cents a share, on a 38% jump in sales to $31.4 million. Analysts had been expecting earnings of 28 cents a share on sales of $31.8 million. Able said gross margin rose because of a better product mix, adding that it has seen "increased acceptance of our products by several key customers as a result of the efforts of our sales management team." Shares added 72 cents to $21.76 Tuesday.

C&D Technologies (CHP) announced preliminary fourth quarter earnings after the close Monday. The power storage and conversion company warned it will lose 4 cents to 6 cents a share in the quarter on sales of $122 million. Both are short of Wall Street forecasts, which had called for earnings of 10 cents a share on sales of $124.5 million, according to Thomson First Call.The results were due to lower-than-expected profits in the company's Power Electronics Division and transition costs at the new Reynosa Mexico plant.

Radio programmer Salem Communications (SALM) said fourth-quarter earnings rose from a year ago, but not as fast as Wall Street had hoped. Salem earned $3.7 million, or 14 cents a share, in the quarter, compared with $2.1 million, or 9 cents a share, last year. The latest quarter's bottom line was a penny short of estimates. For the first quarter, the company sees earnings of 6 cents to 8 cents a share, about 3 cents short of estimates on the high end. Salem expects first-quarter revenue as high as $47.2 million, also about $2 million short of the Wall Street consensus. Shares closed at $23.55 Monday.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs