were among technology's losers Wednesday, slumping 12% after the software maker warned that fiscal third-quarter results will fall below Wall Street forecasts.
For the quarter ended Dec. 31, the company expects to report earnings of 9 cents a share and sales of about $305 million. Analysts polled by Thomson First Call projected earnings of 11 cents a share on sales of $323.1 million. "While Compuware again generated strong profits this quarter, we fell short of Wall Street expectations," the company said. "Third-quarter demand was not as strong as anticipated, and the business underperformed." Compuware plans to release its full third-quarter results on Jan. 26. Shares were recently trading down $1.15 to $8.34.
fell 9% after the company posted third-quarter earnings that fell a penny short of expectations. The India-based tech outsourcing company reported earnings of $143 million, or 51 cents an American depository share, on sales of $559 million. Analysts expected earnings of 52 cents per ADS and sales of $559.6 million. During the year-earlier quarter, the company earned $112 million, or 40 cents per ADS, on sales of $423 million.
For the fourth quarter ending March 31, Infosys sees earnings of 55 cents to 56 cents a share, with sales of $582 million to $584 million. Infosys didn't say whether its earnings forecast is on a diluted- or basic-share basis. Analysts are projecting diluted earnings of 56 cents a share and sales of $596.3 million. Shares were recently trading down $7.54 to $73.10.
( OPTV) rose 7% after the company licensed its advanced television technology to India-based Essel Group. Under the multi-year license agreement, Essel Group will provide OpenTV's software and services to the Indian pay television market, marking OpenTV's entry into Indian pay TV. "With nearly 17% of the world's population, a fast-growing economy and a middle class that has tripled in size in the last 20 years to some 300 million, the Indian market represents a tremendous opportunity for OpenTV and reinforces our strong market position in the Asia Pacific region and globally," OpenTV said in a statement. Financial terms of the deal weren't disclosed. OpenTV shares were trading up 17 cents to $2.47.
( ADBL) fell 9% after the provider of digital audio content warned that it would post a loss during 2005 instead of a profit as previously expected. The company expects to report a pretax loss of $1 million to $1.5 million. Audible had previously predicted pretax earnings of $1.6 million to $2 million. The company also trimmed its 2005 sales estimate to a range of $62 million to $64 million from an earlier view of $62 million to $65 million. Analysts projected a full-year profit of 6 cents a share and sales of $64 million. Audible said higher-than-expected marketing and operating expenses during the fourth quarter hurt its results. Shares were trading down $1.19 to $11.85.
slid 15% after the maker of liquid crystal displays posted earnings that missed forecasts and a lower-than-expected sales outlook. The company reported a profit of $295,000, or 1 cent a share, below analysts' expectation of 4 cents a share. The company's sales were $24 million, in line with Wall Street's projection. During the year-earlier period, International DisplayWorks earned $532,000, or 2 cents a share, on sales of $14.3 million.
The company sees first-quarter sales of $21 million to $24.5 million, below analysts' projection of $28.4 million. For the second quarter, the company's outlook calls for sales of $26 million to $34 million. Wall Street predicts second-quarter sales of $36.9 million. International DisplayWorks shares were trading down 96 cents to $5.33.
Other technology movers Wednesday included
Sirius Satellite Radio
, down 22 cents to $6.28;
, up 48 cents to $3.31;
, up 9 cents to $2.93;
, up 27 cents to $19.24;
( LU), down 3 cents to $2.66;
, up $2.95 to $83.81;
, up 23 cents to $27.23;
, down 8 cents to $12.54;
, up 6 cents to $4.57; and
, down 13 cents to $25.99.