was among technology's winners Friday, climbing 12% after the software company posted third-quarter results that topped forecasts.
For the period ended Sept. 1, the company earned $94.4 million, or 16 cents a share, on revenue of $602.2 million. Excluding items, the company earned $171.5 million, or 29 cents a share. Analysts polled by Thomson First Call expected earnings of 26 cents a share on revenue of $595.1 million. During the year-earlier period, the company earned $144.9 million, or 29 cents a share, on revenue of $487 million.
Looking ahead, Adobe sees fourth-quarter earnings, excluding items, of 32 cents to 34 cents a share on revenue of $655 million to $685 million. Analysts project earnings of 32 cents a share on revenue of $668.8 million. Shares were trading up $3.89 to $37.54.
California Micro Devices
( CAMD) jumped 18% after the maker of analog semiconductor products boosted its second-quarter earnings and revenue guidance. For the period ending Sept. 30, the company now sees adjusted earnings of 4 cents to 5 cents a share, up from an earlier view of 2 cents to 4 cents a share. The company now predicts revenue of $17 million to $18 million, up from an earlier forecast of $16 million to $17.5 million. Analysts project earnings of 4 cents a share on revenue of $17.1 million.
"We are raising our revenue and earnings guidance as the result of greater demand than we had anticipated for our products," the company said. "I'm also pleased to report that bookings so far this quarter are stronger than they have been at the same point in the last three quarters." Shares were trading up 79 cents to $5.22.
fell 3% after the networking gearmaker said it would not file its annual report with the
Securities and Exchange Commission
on time because it is probing its historical stock option-grant practices. The company said a special committee, with the assistance of legal counsel, would independently review the company's historical practices.
The company, which previously received and responded to an informal inquiry from the SEC regarding its options practices, said it continues to cooperate with the inquiry. Shares were trading down 9 cents to $3.41.
( TEK) fell 3% after the company, which makes testing and measurement equipment for computer and chip companies, posted better-than-expected first-quarter results but offered second-quarter guidance that disappointed investors. For the period ended Aug. 26, the company earned $20.1 million, or 24 cents a share, on revenue of $268.1 million.
Excluding items, the company earned $29.2 million, or 35 cents a share. Analysts expected earnings of 33 cents a share on revenue of $263.9 million. During the year-earlier period, the company posted adjusted earnings of $21.3 million, or 25 cents a share, on revenue of $235.1 million.
Looking ahead, Tektronix sees second-quarter earnings of 33 cents to 37 cents a share on revenue of $270 million to $280 million. Analysts project earnings of 37 cents a share on revenue of $279.7 million. Shares were trading down 91 cents to $27.83.
Other technology movers included
, up 57 cents to $26.90;
, up 7 cents to $19.85;
, up 5 cents to $22.75;
, down 14 cents to $16.33;
Level 3 Communications
, up 8 cents to $5.01;
Sirius Satellite Radio
, up 5 cents to $4.08;
, unchanged at $2.22; and
( LU), down 3 cents to $2.31.