Tech stocks advanced Friday, on a smattering of earnings news.
( ERTS) were climbing 2.9% after
beating fiscal second-quarter estimates. Excluding charges, the company earned 27 cents a share, surpassing the consensus 20 cents a share.
For the third quarter, the company sees revenue, excluding a change in deferred revenue, of between $1.63 billion and $1.8 billion and earnings, excluding charges, of between 75 cents to 95 cents a share. Analysts were expecting net revenue of $1.61 billion and earnings of 94 cents a share. For the full fiscal year, EA expects net revenue, excluding the deferred revenue impact, of between $3.8 billion to $4 billion and earnings, excluding charges, of between 85 cents and $1.15 a share. Analysts were expecting revenue of $3.76 billion and earnings of 94 cents a share. The stock gained $1.72 to $60.46.
Sirius Satellite Radio
XM Satellite Radio
( XMSR) were both on the rise after proxy advisory service ISS recommended shareholders of the two companies approve a proposed merger in separate votes Nov. 12. Federal regulators are still reviewing the deal. Sirius shares added 16 cents, or 5.1%, to $3.28. XM shares were gaining 67 cents, or 5.4%, to $13.12.
Sirius, XM and Electronic Arts are components of the Nasdaq 100, which gained 16.79 points to 2213.86.
soared 18.8% after beating third-quarter profit expectations. The company, which makes machine vision sensors, posted earnings of $7.3 million, or 17 cents a diluted share on revenue of $54.7 million. Analysts polled by Thomson Financial expected earnings of 11 cents on revenue of $54.9 million.
For the fourth-quarter, the company sees revenue of between $59 million and $62 million and earnings of between 17 cents and 23 cents a share. Analysts are expecting earnings of 17 cents a share on revenue of $60.4 million. The stock gained $3.17 to $20.
, which makes input accessories for mobile devices and computers, jumped 19.9% after revenue and profits soared. The company reported fiscal first quarter revenue of $11.3 million or 41 cents a share, vs. $4.1 million, or 15 cents a share, in the year-ago period. Revenue of $86.7 million climbed from $54.8 a year ago. Analysts expected earnings of 41 cents a share on revenue of $84.5 million. The stock gained $9.63 to $60.07.
On the losing side,
, which makes meters, software and other products for energy and water providers, slid 20.8% after disappointing investors with third-quarter results. The company's non-GAAP earnings rose 16.1% from last year to 65 cents a share, but analysts were expecting 77 cents a share. The stock lost $20.98 to $80.07.