( AVCI) were among technology's winners Thursday, jumping 14% after the networking-equipment company's fourth-quarter results blew past Wall Street's expectation.
The company earned $3 million, or 21 cents a share, on revenue of $15.9 million. Excluding items, Avici earned $4 million, or 28 cents a share. Analysts polled by Thomson First Call expected earnings of 5 cents a share, before items, on revenue of $13.1 million. During the year-earlier period, the company posted a loss of $8.6 million, or 67 cents a share, on revenue of $6.1 million. Shares were trading up $1.09 to $8.63.
climbed 17% after the company posted better-than-expected fourth-quarter results. The company, a maker of models and prototypes for businesses, posted adjusted earnings of $3.9 million, or 38 cents a share. Analysts expected earnings of 36 cents a share. Revenue totaled $29.7 million, compared with analysts' forecast of $27.6 million. During the year-earlier quarter, the company earned $3.1 million, or 30 cents a share, on revenue of $23.5 million.
Looking ahead, Stratasys forecasts 2007 adjusted earnings of $1.37 to $1.49 a share, with revenue of $105 million to $110 million. Analysts project earnings of $1.36 a share and revenue of $109 million. Shares were trading up $5.39 to $37.90.
( OPXT), a maker of optical modules and components, jumped 15% on their first day of trading. The company's initial public offering priced at $15 a share, at the high end of its proposed range of $13 to $15 a share. The offering of 16.9 million shares raised about $254 million. Shares were trading up $2.30 to $17.30.
slid 14% after the digital-media company posted solid fourth-quarter results but warned that first-quarter results would be lower than expected. The company's fourth-quarter profit dropped to $39.3 million, or 22 cents a share, from $295.6 million, or $1.61 a share, a year earlier. Both periods include payments related to the company's antitrust settlement with
. Revenue rose to $125.6 million from $83.6 million. Analysts expected earnings of 21 cents a share on revenue of $120.4 million.
For the first quarter, RealNetworks sees earnings of 16 cents to 18 cents a share, well below Wall Street's forecast of 25 cents. The company anticipates revenue of $122 million to $126 million, compared with analysts' target of $133.9 million. Shares were trading down $1.48 to $9.19.
( TRXI) plunged 35% after the software company posted higher-than-expected fourth-quarter earnings but warned that 2007 results would be lower than Wall Street's forecast. In the fourth quarter, the company earned $1.3 million, or 7 cents a share, on revenue of $26.1 million. Analysts expected earnings of 2 cents a share and revenue of $23.7 million. During the year-earlier period, the company earned $173,000, or 2 cents a share, on revenue of $26.4 million.
For 2007, TRX forecasts results ranging from break-even to a loss of 10 cents a share. Analysts project earnings of 46 cents a share. The company sees revenue of $85 million to $90 million, compared with Wall Street's expectation of $104.4 million. Shares were trading down $2.29 to $4.25.
Other technology movers included
, down 5 cents to $6.35;
, up 5 cents to $21.19;
, up 19 cents to $29.59;
, up $1.34 to $41;
, up 11 cents to $27.57;
Sirius Satellite Radio
, up 3 cents to $3.62;
Level 3 Communications
, up 7 cents to $6.34; and
, down 3 cents to $16.74.