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

Wednesday's Tech Winners & Losers

Shares of Digitas (DTAS) were among technology's losers Wednesday, plunging 23% after the interactive marketing and services firm posted mixed second-quarter results and warned that third-quarter results would be below expectations.

For the second quarter, the company earned $13.5 million, or 14 cents a share, on fee revenue of $100.5 million. Excluding items, Digitas earned $17 million, or 17 cents a share. Analysts polled by Thomson First Call expected earnings of 16 cents a share on revenue of $102.2 million. During the year-earlier period, the company posted adjusted earnings of $13.3 million, or 14 cents a share, on revenue of $87.6 million.

Digitas sees third-quarter adjusted earnings of 10 cents to 13 cents a share, with fee revenue of $93 million to $97 million. Analysts project earnings of 17 cents a share and revenue of $106.3 million. "While I am disappointed in our reduced near-term outlook, due to a handful of specific client challenges, our largest and longest-standing client relationships remain strong," the company's CEO said. Shares were trading down $2.39 to $7.84.

Yahoo! (YHOO - Get Report) shares tumbled more than 20% after the Internet company posted mixed second-quarter results and warned that it would delay the rollout of its search-engine upgrade. The company posted earnings of $164 million, or 11 cents a share. Revenue, excluding the money that it pays to its search-advertising partners, came in at $1.12 billion. Analysts expected earnings of 11 cents a share on revenue of $1.14 billion. A year earlier, the company earned $754.7 million, or 51 cents a share, on revenue of $875.1 million.

As for the delay of the search-engine upgrade, Yahoo! now sees the upgrade being delivered during the fourth quarter instead of the third quarter. Shares were trading down $6.49 to $25.75.

ADC Telecommunications (ADCT) dropped 11% after the telecom equipment maker warned that third-quarter results will be well below Wall Street's forecast. For the period ending July 28, the company sees earnings, excluding items, of 25 cents to 28 cents a share. Analysts project earnings of 33 cents a share. ADC anticipates revenue of $330 million to $335 million, below Wall Street's target of $368.7 million.

"Given the current environment in which our larger wireline and wireless customers are consolidating and integrating operations, these short-term variations can be difficult to plan for and we do not believe they are reflective of the long-term prospects for our business," the company said. Shares recently were trading down $1.58 to $12.78. Shares of Andrew (ANDW), which is in the process of being acquired by ADC, fell 10 cents to $7.79.
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
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
DTAS $0.00 0.00%
DTLK $7.35 -0.81%
INTC $34.77 0.90%
PLXT $6.50 0.31%
YHOO $33.81 2.64%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs