Thursday's Tech Winners & Losers
Shares of 24/7 Real Media (TFSM) slumped 11% after the digital marketing company posted in-line third-quarter earnings on weaker-than-expected revenue and issued fourth-quarter guidance that disappointed investors. The company posted a loss of $1.4 million, or 3 cents a share, on revenue of $49.1 million. Excluding items, the company earned $4.7 million, or 9 cents a share. Analysts expected earnings of 9 cents a share on revenue of $49.8 million. During the year-earlier quarter, the company posted adjusted earnings of $2.3 million, or 5 cents a share, on revenue of $35.1 million.
Looking ahead, 24/7 Real Media sees fourth-quarter adjusted earnings of 11 cents to 12 cents a share on revenue of $55 million to $59 million. Analysts project earnings of 12 cents a share on revenue of $57.6 million. Shares were trading down $1.05 to $8.91.
Other technology movers included Intel (INTC), down 33 cents to $20.69; Dell (DELL), up 93 cents to $24.95; Microsoft (MSFT), down 5 cents to $28.76; Cisco Systems (CSCO), down 9 cents to $24.01; Applied Materials (AMAT), down 11 cents to $17.14; Garmin (GRMN), up 85 cents to $45.83; and Sun Microsystems (SUNW), up 1 cent to $5.32.
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