This Day On The Street
Continue to site
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

Apple, Qualcomm, Concur Tech: Tech Winners & Losers

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) 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 - Get Report) 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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.37 1.80%
CNQR $128.78 -0.02%
QCOM $50.80 -0.61%
FB $117.67 -0.76%
GOOG $695.47 -0.39%


Chart of I:DJI
DOW 17,782.48 -108.68 -0.61%
S&P 500 2,063.17 -18.26 -0.88%
NASDAQ 4,771.4650 -46.1290 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs