Updated from 1:04 p.m. EDT
( ADBL) were among technology's winners Tuesday, rising 17.5% after the company posted first-quarter results that easily topped Wall Street estimates.
The provider of digital audio content posted earnings of $889,391, or 3 cents a share, on sales of $12.9 million. Analysts surveyed by Thomson First Call were expecting break-even earnings on sales of $12 million. Looking ahead, Audible forecast 2005 sales of $62 million to $65 million, up from previous guidance of $59 million to $62 million. Meanwhile, the company backed its estimate for earnings before income taxes of $3.6 million to $4 million. Analysts are looking for 2005 earnings of 7 cents a share on sales of $59.4 million. Shares traded up $2.50 to $16.78.
( KNTA) fell 29.7% after the company posted a first-quarter loss that was wider than expected. Excluding items, the software provider reported a loss of $7 million, or 23 cents a share, on sales of $9.5 million. Analysts were expecting a smaller loss of 19 cents a share on sales of $9.5 million. A year ago the company posted a loss of $4.8 million, or 21 cents a share, on sales of $3 million. Shares traded down $1.41 to $3.34.
rose 31.9% after the company posted big jumps in year-over-year earnings and sales. The information technology services company earned $750,000, or 20 cents a share, on sales of $19 million. A year ago the company earned $478,000, or 13 cents a share, on sales of $12.2 million. Results in the latest period were helped by the company's Modcomp division, which saw solid demand for its integration consulting services. Shares traded up $2.23 to $9.23.
fell 12.5% after the company posted a wider-than-expected first-quarter loss. The maker of portable power systems reported a loss of $6.1 million, or 20 cents a share, on sales of $1.73 million. Analysts were expecting a loss of 6 cents a share. A year ago the company posted a loss of $242,000, or 1 cent a share, on sales of $1.97 million. Selling, general and administrative expenses rose to $3.03 million during the latest quarter. A year ago it posted expenses of $1.31 million. Shares traded down 55 cents to $3.85.
rose 39% after the maker of speech recognition software agreed to be acquired by rival
for $221 million in cash and stock. Nuance shareholders will receive 0.77 shares of ScanSoft and $2.20 a share in cash for each share they hold. The deal, which is expected to result in annual savings of about $20 million to $25 million, will be accretive to earnings beginning in fiscal 2006. Finally, ScanSoft expects combined sales of the two companies to top $315 million during fiscal 2006. Shares of Nuance traded up $1.21 to $4.31, while ScanSoft traded down 76 cents, or 16.8%, to $3.77.
Other technology movers included
( LU), down 12 cents to $2.80;
, unchanged at $18.21;
, down 21 cents to $24.90;
, down 13 cents to $24.67;
, down 23 cents to $11.52; and
Sirius Satellite Radio
, down 18 cents to $5.19.