This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tuesday's Tech Winners & Losers

Updated from 12:47 p.m. EDT

Technology stocks fell Tuesday as shareholders continued to scrutinize Wall Street earnings reports.

Shares of MicroStrategy (MSTR) got hammered after the software company posted disappointing first-quarter results. The company earned $9.8 million, or 75 cents a share, on revenue of $72.4 million. Analysts polled by Thomson Financial expected earnings of $1.27 a share on revenue of $80.9 million. During the year-earlier quarter, the company earned $15 million, or $1.05 a share, on revenue of $69.5 million. Shares closed down $12.87, or 11.1%, to $102.77.

Similarly, Answers (ANSW) plunged 18% after the Internet company posted a first-quarter earnings shortfall. The company reported adjusted earnings of $103,000, or a penny a share, on revenue of $2.96 million. Analysts expected earnings of 2 cents a share. Including subscription revenue, the company posted revenue of $3.4 million.

Looking ahead, Answers sees an adjusted second-quarter loss of $985,000 to $1.4 million on revenue of $2.8 million to $3.2 million. Analysts project earnings of 5 cents a share. Shares closed down $2.54 to $11.60.

Photon Dynamics (PHTN) slid 7.4% after the maker of flat-panel production equipment posted a wider-than-expected second-quarter loss and warned that third-quarter results would be below forecasts. The company posted a loss of $15.5 million, or 94 cents a share, on revenue of $13.9 million. Analysts expected a smaller loss of 57 cents a share on revenue of $13.3 million.

Looking ahead, Photon Dynamics sees a third-quarter loss of 30 cents to 40 cents a share on revenue of $15 million to $20 million. Analysts project a loss of 23 cents a share on revenue of $24.1 million. Shares closed down 87 cents to $10.93.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs