Tuesday's Tech Winners & Losers

Stock quotes in this article: MERX , NAPS , ESLR , OCNW , MSPD , T  

Updated from 11:31 a.m. EDT

Shares of Merix(MERX Quote) were among technology's losers Tuesday, sliding 6.4% after the maker of printed circuit boards posted disappointing fiscal third-quarter earnings and warned that fourth-quarter results would be below Wall Street's expectations.

For the period ended Feb. 24, the company posted earnings from continuing operations of $1.8 million, or 9 cents a share, on revenue of $100.3 million. Analysts polled by Thomson First Call expected earnings of 13 cents a share on revenue of $101.6 million. During the year-earlier period, the company earned $712,000, or 4 cents a share, on revenue of $92.8 million.

Looking ahead, Merix sees fourth-quarter earnings to be just about break-even on revenue of $93 million to $97 million. Analysts project earnings of 15 cents a share on revenue of $102.1 million. "Many of our North American markets have softened since the end of calendar [year] 2006," the company said. "We believe this softness is a normal cyclical slowdown that is periodically experienced in our industry." Shares closed down 54 cents to $7.86.

Napster(NAPS Quote) rose 3.6% after the online music service provider boosted its fourth-quarter revenue guidance. The company now sees revenue of more than $28 million. Previously, the company said that it would post revenue of more than $26 million. Analysts project revenue of $26.6 million.

"Napster's No. 1 market share position in on-demand music subscription, together with our leadership position in wireless marketing partnerships -- including our recently announced partnership with AT&T(T Quote) -- creates a very healthy foundation for the continuing development of our business," the company said. Shares closed up 15 cents to $4.30.

  • Loading Comments...
  •  
< Previous
1 2

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,414.14 1,114.05 2,237.66 36.82
Oil *
72.62
UP
85.25
UP
11.58
UP
25.97
UP
1.36
10 Yr
3.68%
SPDR Gold
106.95
+0.83%
+1.05%
+1.17%
+3.84%
Data delayed 20 minutes

More From TheStreet

Latest Headlines

Brokerage Partners

TheStreet Premium Services

All Services