Friday's Tech Winners & Losers

Electronic Arts and Western Digital both jump on better-than expected earnings results.
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Shares of

Electronic Arts

(ERTS)

were among technology's winners Friday, jumping 11% after the video-game publisher

posted better-than-expected second-quarter results.

For the period ended Sept. 30, the company earned $22 million, or 7 cents a share, on revenue of $784 million. Excluding items, the company earned $65 million, or 21 cents a share. Analysts polled by Thomson First Call expected earnings of 2 cents a share on revenue of $672.5 million. During the year-earlier period, the company posted adjusted earnings of $46 million, or 15 cents a share, on revenue of $675 million.

Looking ahead, Electronic Arts sees third-quarter adjusted earnings of 50 cents to 60 cents a share on revenue of $1.2 billion to $1.3 billion. Analysts project earnings of 59 cents a share on revenue of $1.2 billion. Shares were trading up $5.92 to $58.92.

Western Digital

(WDC) - Get Report

rose 6% after the maker of computer hard drives

posted better-than-expected first-quarter results. The company earned $103 million, or 46 cents a share, on revenue of $1.26 billion. Analysts expected earnings of 41 cents a share on revenue of $1.16 billion. During the year-earlier quarter, the company earned $69 million, or 31 cents a share, on revenue of $1.01 billion. Shares were trading up $1.02 to $19.02.

Shares of

CA

(CA) - Get Report

slid 11% after the software company

posted better-than-expected second-quarter results but cut its fiscal 2007 cash flow outlook and issued updated earnings and revenue guidance that didn't impress investors. The company earned $53 million, or 9 cents a share, on revenue of $996 million. Excluding items, the company earned $145 million, or 25 cents a share. Analysts expected earnings of 20 cents a share on revenue of $969 million. During the year-earlier period, the company posted adjusted earnings of $151 million, or 25 cents a share, on revenue of $950 million.

Looking ahead, CA now sees fiscal 2007 adjusted earnings meeting or exceeding its previous guidance of 83 cents a share on revenue of $3.9 billion. Analysts project earnings of 85 cents a share on revenue of $3.91 billion. Meanwhile, the company now sees cash flow from operations of $900 million to $1 billion, down from an earlier view of $1.3 billion. CA blamed the reduced cash flow estimate on lower-than-expected growth in bookings. Shares were trading down $2.84 to $22.44.

Stellent

(STEL)

jumped 26% after the software company

agreed to be acquired by

Oracle

(ORCL) - Get Report

for $440 million, or $13.50 a share, in cash. The price represents a premium of 27% over Thursday's closing price of $10.62. The deal is expected to close by the end of 2006 or by early 2007. Shares of Stellent were trading up $2.75 to $13.37.

Shares of

aQuantive

(AQNT)

tumbled 18% after the digital-marketing services company

posted in-line third-quarter earnings and offered disappointing full-year guidance. The company earned $13.6 million, or 16 cents a share, on revenue of $111 million. Analysts expected earnings of 16 cents a share on revenue of $112.6 million. During the year-earlier quarter, the company earned $9.4 million, or 13 cents a share, on revenue of $78.8 million.

Looking ahead, aQuantive reaffirmed its full-year earnings guidance of 54 cents to 58 cents a share on revenue of $420 million to $430 million. Analysts project higher earnings of 59 cents a share on revenue of $429.6 million. Shares were trading down $5.26 to $23.44.

Other technology movers included

Microsoft

(MSFT) - Get Report

, down 6 cents to $28.71;

Cisco Systems

(CSCO) - Get Report

, down 13 cents to $23.92;

Qualcomm

(QCOM) - Get Report

, up 78 cents to $37.14;

Intel

(INTC) - Get Report

, up 1 cent to $20.59;

JDSU

(JDSUD)

, up $2.30 to $16.58;

Novell

(NOVL)

, up 10 cents to $6.89;

Marvell Technology

(MRVL) - Get Report

, up 13 cents to $18.47; and

Applied Materials

(AMAT) - Get Report

, down 10 cents to $17.