This Day On The Street
Continue to site
ADVERTISEMENT
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

Today's Tech Winners and Losers

Shares of International DisplayWorks (IDWK) were among technology's winners Tuesday, climbing 16% after the maker of liquid crystal display products posted better-than-expected first-quarter results.

The company earned $1.4 million, or 4 cents a share, on sales of $23.5 million. Excluding items, the company earned $785,000, or 2 cents a share. Analysts polled by Thomson First Call expected earnings of 1 cent a share on sales of $22.5 million. During the year-earlier quarter, the company earned $1 million, or 3 cents a share, on sales of $18.1 million. Looking ahead, International DisplayWorks sees second-quarter sales of $24 million to $30 million. Analysts project second-quarter earnings of 4 cents a share and sales of $30.1 million.

The company also announced the hiring of Joe Bedewi as chief financial officer. Bedewi, who previously served as financial controller at Intel (INTC - Get Report), replaces Jeff Winzeler, who moved to the role of chief operating officer in December. Shares were trading up 96 cents to $6.83.

Despite posting better-than-expected fourth-quarter results, Sonus Networks (SONS - Get Report) saw its shares drop 8%. The maker of advanced phone switches earned $5 million, or 2 cents a share, on revenue of $57.3 million. Analysts expected earnings of 1 cent a share and revenue of $50.1 million. A year earlier, the company earned $6.3 million, or 2 cents a share, on revenue of $45.1 million. "2005 was a strong year for Sonus, culminating with robust revenue, order, and shipments growth in the fourth quarter," the company said. Shares, which have climbed about 33% since the beginning of the year, recently were down 45 cents to $4.97.

Shares of Western Digital (WDC - Get Report) rose modestly after the hard-drive maker reiterated its third-quarter earnings and sales guidance. The company continues to expect earnings of 36 cents to 40 cents a share for the quarter ending March 31, bracketing analysts' mean estimate of 38 cents. The company predicts sales of $1.03 billion to $1.08 billion, while Wall Street anticipates sales of $1.06 billion. Gross margin is still expected to be about 19%. "The company's non-desktop business and associated new product momentum continues, helping to partially offset the March quarter seasonal patterns," the company said in a regulatory filing with the Securities and Exchange Commission. Shares were trading up 8 cents to $19.11.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
CSCO $28.82 0.51%
FNSR $20.98 -0.76%
INTC $32.08 -0.83%
MRCY $14.97 -0.47%
SMTX $1.40 -0.71%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs