were among technology's winners Wednesday, rising 18% after the company raised its third-quarter earnings and sales guidance.
The telecom-equipment maker now expects earnings of 38 cents to 40 cents a share on sales of $143 million to $147 million. Previously, the company expected earnings of 29 cents to 31 cents a share on sales of $128 million to $130 million. Analysts surveyed by Thomson First Call had been expecting earnings of 31 cents a share on sales of $129.5 million. "Quarter-to-date bookings have been stronger than anticipated in both primary growth and traditional areas. We expect our momentum will result in record revenue and operating income this year," the company said.
Looking ahead, Adtran now expects full-year earnings of $1.18 to $1.22 a share on sales of $503 million to $511 million. Analysts had been expecting earnings of $1.09 a share on sales of $486.8 million. Shares were trading up $4.60 to $29.17.
fell modestly after the company said it plans to sell $300 million in debt. The debt sale would consist of $150 million in senior floating rate notes due 2012 and $150 million in senior convertible debentures that are due 2025. Dobson plans to use the proceeds to redeem all $299 million worth of its 10.875% senior notes due 2010. Shares were trading down 2 cents to $7.97.
fell 17% after the company posted third-quarter results that fell short of expectations and warned that fourth-quarter sales would be below forecasts. The maker of liquid crystal displays posted earnings of $984,000, or 3 cents a share, on sales of $23.6 million. Analysts were expecting earnings of 4 cents a share on sales of $25 million. The company said that its sales were negatively impacted by an inventory problem with its largest customer. A year ago the company earned $370,000, or 1 cent a share, on sales of $11.6 million.
Looking ahead, International DisplayWorks forecast fourth-quarter sales of $22.5 million to $25 million. Analysts had been expecting sales of $41 million. Shares were trading down $1.13 to $5.59.
( SBL) rose 11% after the company settled an intellectual property dispute with Intermec Technologies, a subsidiary of
( UNA). As part of the settlement, Symbol will join Intermec's Rapid Start RFID intellectual property licensing program, which will give Symbol access to a number of Intermec's radio frequency identification patent portfolios. "Both companies believe this agreement is a fair compromise of the issues related to RFID and that subsequent efforts to reach resolution of all legal disputes is in the best interests of shareholders and customers and will encourage accelerated adoption of RFID and automated data collection technologies within the industry," Intermec said. Intermec, as part of the settlement, will file for a dismissal of the lawsuit it filed in June 2004. Shares of Symbol Technologies were trading up 95 cents to $9.98.
Electronics for Imaging
rose 15% after the company raised its third-quarter guidance and forecast fourth-quarter results that would be above expectations. The maker of digital imaging and print management products now expects pro forma third-quarter earnings of 30 cents to 32 cents a share on sales of $137 million to $139 million. Previously, the company forecast earnings of 21 cents to 23 cents a share on sales of $126 million to $128 million. Analysts had been expecting earnings of 22 cents a share on sales of $127.9 million. "We are seeing strong demand across our product lineup, with the performance of the Fiery controller business primarily responsible for the increase in the current quarter outlook," the company said.
Looking ahead, Electronics for Imaging said it expects fourth-quarter results to match third-quarter earnings and sales. Analysts had been expecting earnings of 26 cents a share on sales of $134.5 million. Shares were trading up $3.09 to $23.75.
Other technology movers included
( LU), up 10 cents to $3.16;
, up 3 cents to $18.23;
, down 12 cents to $26.88;
, down 6 cents to $25.64;
, down $1.54 to $20.26;
, down 44 cents to $48.36;
, up 5 cents to $3.89;
, down 16 cents to $13.40; and
, down 25 cents to $17.53.