Shares of Infocrossing(IFOX Quote) were among technology's losers Tuesday, tumbling 16% after the technology services company posted disappointing fourth-quarter results.
The company earned $2.9 million, or 12 cents a share, on revenue of $58.9 million. Analysts polled by Thomson First Call expected earnings of 13 cents a share on revenue of $59.8 million. During the year-earlier quarter, the company posted a loss of $101,000, or a penny a share, on revenue of $41.2 million. Looking ahead, Infocrossing sees 2007 earnings of 44 cents to 46 cents a share on revenue of $250 million to $255 million. Analysts project earnings of 59 cents a share on revenue of $260 million. Shares were trading down $2.63, to $13.43. Technitrol(TNL Quote) jumped 11% after the producer of electronic components said that first-quarter revenue and operating income would be at the high end of previous guidance. Previously, the company said that it would post revenue of $233 million to $236 million and operating income of $16 million to $17 million. As a result, the company sees earnings of 33 cents to 35 cents a share. Analysts project earnings of 35 cents a share on revenue of $234.2 million. "Technitrol's electrical business is experiencing robust revenues in Europe and China while North America remains at or near internal forecast levels," the company said. Shares were trading up $2.54 to $24.77.- Loading Comments...
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