This Day On The Street
Continue to site
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 LTX (LTXX) were among technology's winners Wednesday, climbing 17% after the maker of semiconductor test products posted better-than-expected third-quarter results and issued a fourth-quarter guidance well above expectations.

For the third quarter ended April 30, the company earned $8.1 million, or 13 cents a share, on revenue of $56.3 million. Analysts polled by Thomson First Call expected earnings of 9 cents a share on revenue of $52.7 million. A year earlier, LTX posted a loss of $45.7 million, or 75 cents a share, on revenue of $25.5 million. The year-ago results included charges totaling $28.6 million, or 47 cents a share. "The current growth cycle continues to gain momentum. Customer acceptance of LTX's product strategy, together with an improving business environment, provided the fuel for our business model to deliver strong results," the company said.

Looking ahead, LTX forecast fourth-quarter earnings of 22 cents to 24 cents a share and revenue of $68 million to $70 million. Analysts project earnings of 11 cents a share on revenue of $57.1 million. Shares were trading up 97 cents to $6.78.

Hewlett-Packard (HPQ - Get Report) rose 4% after the maker of computers and printers posted better-than-expected fiscal second-quarter earnings. The company earned $1.46 billion, or 51 cents a share, on revenue of $22.6 billion. Excluding items, the company earned $1.55 billion, or 54 cents a share, for the quarter ended April 30. Analysts expected earnings of 49 cents a share on revenue of $22.6 billion. During the year-earlier quarter, H-P earned $966 million, or 33 cents a share, on revenue of $21.6 billion. Excluding items, the company would have earned $1.1 billion, or 37 cents a share, during the year-earlier quarter.

For the third quarter, H-P projects adjusted earnings of 45 cents to 48 cents a share, above analysts' mean estimate of 43 cents. The company predicts revenue of $21.75 billion, compared with Wall Street's target of $21.76 billion. Shares were up $1.21 to $32.32.
1 of 3

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
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MRGE $0.00 0.00%
LTON $1.02 -15.70%
CAI $9.98 0.00%
HPQ $11.71 0.00%
MSFT $49.78 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs