said it earned $4.1 million, or 10 cents a share, for the first quarter ended March 31, versus $4.3 million, or 11 cents a share a year ago. Revenue for the quarter was $233.3 million. Excluding certain items, the company earned $8.4 million or 21 cents a share for the quarter. Analysts expected profits of 20 cents a share on revenue of $240 million, according to Thomson First Call. The stock was down $1.54, or 5.78%, to $25.10 in after-hours trading.
first-quarter loss widened sharply from a year ago and the company said it has been threatened with delisting by the
. Cray lost $21 million, or 24 cents a share, in the quarter, compared with a loss of $3.8 million, or 5 cents a share, last year. Revenue fell 11% from last year to $37.6 million. The company blamed deals on which revenue wasn't recognized in the first quarter, plus an unusually higher research expense, for the wider loss. The company also received a notice of pending delisting from the Nasdaq, citing its failure to include an auditor's opinion on internal control over financial reporting in its annual report, filed May 3. Cray previously said its old auditor, Deloitte & Touche, declined to stand for re-election for the 2005 financial year.
( ADBL) were $889,391, or 3 cents a share, in the first quarter ended March 31, versus a loss of $10.2 million, or 5 cents a share, a year ago. Revenue for the quarter was $12.9 million. Analysts expected the company to break-even on revenue of $12 million. For the full year 2005, the company expects revenue in the range of $62 million to $65 million, up from its previous forecast of $59 million to $62 million. Wall Street was expecting $59.4 million. The stock was up $2.06, or 14.43%, to $16.34 in after-hours trading.
( ECST) reported a loss of $1.7 million, or 10 cents a share, for the first quarter ended March 31, versus a loss of $20,000, or breakeven, a year ago. Revenue for the quarter was $55.1 million. The company said the loss was largely due to the transition to becoming a standalone company related to the spin-off from PC Mall. The stock was down 56 cents, or 13.63%, to $3.55 in after-hours trading.
said it acquired DVT Corp. for $115 million. Cognex said it purchased all outstanding shares of DVT for $104 million in cash and a final payment of $11 million to be paid at the end of the year. Cognex said it expects to see its 2005 revenue increase $15 million to $20 million and for the transaction to have a minimal impact on its second quarter-quarter financial results. The stock was down 69 cents, or 2.86%, to $23.44 in after-hours trading.