This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Apple, Qualcomm, Concur Tech: Tech Winners & Losers

Stocks in this article: AAPLQCOMCNQR

NEW YORK ( TheStreet) -- Apple (AAPL) shares continued to slide, falling 2.34% to $544.97 following news the iPhone 4S was surpassed by a competitor.

Samsung's Galaxy S III surpassed the top selling Apple phone in August, selling 18 million units to a reported 16.2 million units for the iPhone 4S, according to Strategy Analytics. Apple launched the iPhone 5 in late September and reportedly sold 6 million units prior to the end of the third quarter.

Apple said it sold 26.9 million iPhones overall during the quarter, a 58% year-over-year hike.


Though Apple has been in the doldrums lately, one of its suppliers is doing exceptionally well, as Qualcomm (QCOM) reported better-than-expected earnings.

The San Diego-based company reported earnings of 89 cents a share on $4.87 billion in revenue for its fiscal fourth quarter, up 18% year-over-year and 5% sequentially. Analysts polled by Thomson Reuters expected the chip maker to earn 82 cents per share on $4.66 billion in revenue.

Qualcomm also said it expects a strong first quarter, as smartphone demand, particularly at the high-end, continues to be strong. The company anticipates revenue of between $5.6 billion and $6.1 billion, with non-GAAP earnings ranging from $1.08 to $1.16 per share. Analysts surveyed by Thomson Reuters are currently looking for revenue of $5.295 billion and earnings of $1 a share.

Shares were rising 4.97% to $61.01 in mid-day trading.


Concur Technologies (CNQR) fell sharply, losing 4.96% to $61.74, after the company reported mixed quarterly results.

The hosting software company earned 40 cents per share on $118 million in sales during its fiscal fourth quarter. Wall Street analysts were looking for 25 cents per share on revenue of $119 million.

Concur gave mixed first-quarter guidance. It sees earnings per share of 30 cents on revenue of about $121.7 million. Wall Street analysts are looking for 25 cents per share on $125.6 million.

Shares have rebounded from earlier in the session though when they traded as low as $57.70.

Interested in more on Concur Technologies? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • 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