were among technology's winners Friday, rising 8% after the software company posted in-line third-quarter revenue and gave a solid guidance for the fourth quarter.
The company reported third-quarter revenue of $457 million, up from $378.3 million a year earlier. Analysts polled by Thomson First Call expected revenue of $457.2 million. Because of an ongoing stock-option review, the company didn't report its bottom-line figures.
Autodesk predicts fourth-quarter revenue of $490 million to $500 million, in line with the $495.9 million that analysts project. For the first quarter, the company expects revenue to be flat with the fourth quarter. Analysts forecast first-quarter revenue of $504.5 million. Autodesk shares were trading up $3.92 to $40.92.
tumbled 10% after the electronics manufacturing services company posted weak fourth-quarter revenue and warned of a bottom-line miss. For the period ended Sept. 30, the company posted revenue of $2.72 billion, down from $2.77 billion a year earlier. Analysts expected revenue of $2.78 billion. Sanmina didn't report its bottom-line results because of an ongoing stock-option review, but said it expects results to range from a loss of a penny a share to a profit of a penny a share, before certain items. Analysts project earnings of 7 cents a share.
Looking ahead, Sanmina-SCI forecast first-quarter earnings of 6 cents to 8 cents a share, below Wall Street's forecast of 10 cents. The company sees revenue of $2.7 billion to $2.85 billion, compared with analysts' projection of $2.94 billion. Shares were trading down 41 cents to $3.80.
traded actively after the computer giant posted better-than-expected fourth-quarter results and issued a solid first-quarter forecast. For the period ended Oct. 31, the company earned $1.7 billion, or 60 cents a share, on revenue of $24.56 billion. Excluding items, H-P earned $1.9 billion, or 68 cents a share. Analysts expected earnings of 64 cents a share, before items, on revenue of $24.1 billion. During the year-earlier period, the company earned $416 million, or 14 cents a share, on revenue of $22.91 billion. Excluding items, year-ago earnings were $1.5 billion, or 51 cents a share.
H-P forecast first-quarter adjusted earnings of 60 cents to 62 cents a share, with revenue of $24.1 billion to $24.3 billion. Analysts project earnings of 60 cents a share and revenue of $23.89 billion. Shares recently were down 39 cents to $39.74.
Smart Modular Technologies
( SMOD) rose 7% after the chipmaker boosted its first-quarter earnings guidance. For the period ending this month, the company now sees earnings of 21 cents to 22 cents a share, up from an earlier view of 19 cents to 20 cents a share. Analysts project earnings of 20 cents a share. The company, which plans to release its earnings on Dec. 19, didn't offer an explanation for its improved outlook. Shares were trading up 71 cents to $11.25.
( DITC) slumped 16% after the telecom-equipment company posted weaker-than-expected second-quarter results and projected third-quarter revenue below expectations. For the quarter ended Oct. 31, the company earned $1.1 million, or 3 cents a share, compared with a year-earlier loss of $1.4 million, or 4 cents a share. Excluding items, the company earned $2.4 million, or 7 cents a share, missing analysts' forecast of 9 cents a share. Ditech's revenue surged to $21.1 million from $10.5 million last year, but missed Wall Street's forecast of $22.8 million.
For the fiscal third quarter, Ditech anticipates third-quarter revenue of about $22.1 million, below analysts' forecast of $23.5 million. For the fourth quarter, the company predicts revenue above $22.1 million. Analysts project revenue of $24.8 million for the period. Shares were trading down $1.41 to $7.38.
Other technology movers included
, down 7 cents to $29.40;
, down 11 cents to $27.04;
, down 15 cents to $22.18;
, down 12 cents to $18.98;
, down $1.06 to $18.56;
, down 4 cents to $5.40;
, down 20 cents to $24.90; and
( LU), down 3 cents to $2.58.