Tech Stocks in Motion
Updated from 2:13 p.m. EDT
Shares of American Superconductor (AMSC) were among technology's losers Thursday, falling 5.3% after the company posted fourth-quarter sales that fell well below expectations.
The maker of electronic converters posted a loss of $8.2 million, or 28 cents a share, on sales of $12.9 million. Results included a $2.7 million litigation charge. Analysts polled by Thomson First Call were expecting a loss of 19 cents a share on sales of $14.5 million. A year ago, the company reported a loss of $4.5 million, or 16 cents a share, on sales of $11.6 million. Looking ahead, American Superconductor forecast a fiscal 2006 loss of $18 million to $23 million, or 55 cents to 70 cents a share, on sales of $55 million to $65 million. Analysts are expecting a loss of 59 cents a share on sales of $57.3 million. Shares traded down 52 cents to $9.36.
Giga-tronics (GIGA) rose 13% after the company swung to a fourth-quarter profit and posted a 60% jump in sales. The maker of microwave components posted earnings of $203,000, or 4 cents a share, on sales of $5.3 million. A year ago, the company reported a loss of $1.7 million, or 36 cents a share, on sales of $3.3 million. Orders from continuing operations rose 133% over last year and the company's book-to-bill ratio rose to 2.31 from 1.58 a year ago. Shares traded up 51 cents to $4.42.Shares of Global Sources (GSOL) fell 34.9% after the business-to-business media company posted a year-over-year decline in first-quarter earnings and sales. The company earned $2 million, or 6 cents a share, on sales of $22.8 million. A year ago, the company earned $2.6 million, or 8 cents a share, on sales of $23.7 million. Revenue from China accounted for 46% of total sales compared with 44% a year ago. Looking ahead, Global Sources forecast second-quarter earnings of 7 cents to 9 cents a share on sales of $30 million to $31 million. For the entire year, the company expects earnings of between 20 cents and 25 cents a share on sales of $109 million to $111 million. Shares traded down $3.32 to $6.20.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV