Updated from 12:46 p.m. EDT
Kulicke & Soffa
were among the worst-performing technology stocks Wednesday after the company cut its fourth-quarter sales outlook.
The supplier of semiconductor equipment now expects fourth-quarter sales of $135 million to $165 million. Previously, it forecast sales of $175 million to $195 million. The company said that discussions with customers indicated a slowdown in semiconductor growth, which will lead to wire-bonder shipments that are lower than expected. Despite the fourth-quarter sales outlook, the company did say that it still expects to be profitable during the fourth quarter and to report positive cash flow. Analysts surveyed by Thomson First Call had expected fourth-quarter earnings of 29 cents a share on sales of $184.8 million. Shares of Kulicke & Soffa traded down $1.76, or 25.1%, to $5.26.
fell after it said that it would delay filing its
Securities and Exchange Commission
quarterly report. The wireless tech company said that its second-quarter review process
turned up a $1.9 million equipment sale that should not have been recorded as revenue during the quarter. Initially, the company had expected to recognize the sale in the second-quarter reporting period. As a result of the ongoing inquiry into the transaction, it said that it needs a five-day extension on its 10-Q filing. Shares of UTStarcom traded down $2.58, or 14.4%, to $15.37.
fell after the company trimmed its first-quarter sales expectations. The semiconductor company said that it now expects first-quarter sales to fall 4% to 5% from the $571.2 million it reported during the fourth quarter. In June it said that sales would be flat to up 3%. A 4% to 5% drop from fourth-quarter levels would put first-quarter sales between $543 million and $548 million. Analysts had expected the company to post sales of $583 million and earnings of 31 cents. Shares of National Semiconductor traded down $2.22, or 14.1%, to $13.48.
rose after it posted better-than-expected, third-quarter earnings and sales. The maker of laser-beam equipment posted a third-quarter profit of 48 cents a share on sales of $82.1 million. Analysts had expected it to earn 38 cents a share on sales of $77 million. The company said its strong results were fueled by success in its North American and Asian markets. Shares of Rofin-Sinar traded up $5.24, or 25.4%, to $25.90.
fell after the company posted weaker-than-expected, fourth-quarter earnings and warned that first-quarter sales would fall short of expectations. The maker of embedded computer solutions posted a fourth-quarter profit of 17 cents a share on sales of $38.2 million. Analysts were looking for earnings of 18 cents a share on sales of $37.5 million. Looking ahead, the company forecast first-quarter sales of $36 million to $37 million. Analysts were expecting sales of $38 million. For the full year, it expects sales of $150 million to $160 million, in line with expectations. Shares of SBS Technologies traded down 50 cents, or 4.4%, to $10.91.
Other technology volume leaders included
, down $2.17 to $18.29;
, down 38 cents to $22.16;
, down 31 cents to $27.41;
, down 41 cents to $10.19;
, down 15 cents to $2.86; and
, down 64 cents to $16.26.