Thursday's Tech Winners & Losers - TheStreet

Technology stocks fell Thursday as investors continued to take their cues from earnings-related news.

The Knot

(KNOT)

plunged 14% after the wedding-planning Web site posted first-quarter results that were below expectations. The company earned $1.6 million, or 5 cents a share, on revenue of $21 million. Analysts polled by Thomson Financial expected earnings of 8 cents a share on revenue of $23.4 million. During the year-earlier quarter, the company earned $1.7 million, or 7 cents a share, on revenue of $14.8 million. Shares were trading down $3.20 to $19.23.

Elsewhere,

Systemax

(SYX) - Get Report

rose 6.1% after the computer distributor posted first-quarter results that pleased investors. The company earned $13.9 million, or 37 cents a share, on revenue of $676 million. Results included a one-time gain of 4 cents a share, which was related to a lawsuit settlement. During the year-earlier quarter, the company earned $17.6 million, or 48 cents a share, on revenue of $575 million. Last year's results included a one-time gain of 12 cents a share, which related to the sale of a warehouse facility. Shares were trading up 99 cents to $17.25.

Meanwhile,

CryptoLogic

( CRYP) slumped 12% after the software company reported a big decline in first-quarter earnings and revenue. The company also warned that second-quarter results would be lower than expected. During the first quarter, the company earned $1.5 million, or 11 cents a share, on revenue of $19.6 million. Excluding items, the company posted a loss of 3 cents a share. Analysts expected earnings of 11 cents a share on revenue of $18.9 million. During the year-earlier quarter, the company earned $7.7 million, or 56 cents a share, on revenue of $27 million.

Looking ahead, CryptoLogic sees adjusted second-quarter earnings of break even on revenue of $15.5 million to $16.5 million. Analysts project earnings of 11 cents a share on revenue of $19.3 million. Shares were trading down $3.53 to $26.18.

Merge Technologies

(MRGE)

jumped 17% after the software company posted better-than-expected first-quarter results. The company reported an adjusted loss of $4.1 million, or 12 cents a share, on revenue of $15.7 million. Analysts expected a bigger loss of 30 cents a share on lower revenue of $14.4 million. During the year-earlier period, the company reported an adjusted loss of $1.1 million, or 3 cents a share, on revenue of $16.2 million. Shares were trading up 87 cents to $6.09.

Shares of

Visual Sciences

( VSCN), formerly known as WebSideStory, zoomed 28% after the digital-marketing company posted first-quarter adjusted earnings that topped forecasts. The company earned $3.3 million, or 16 cents a share, on revenue of $20.7 million. Analysts expected earnings of 14 cents a share. During the year-earlier quarter, the company earned $2.3 million, or 12 cents a share, on revenue of $14.6 million.

Looking ahead, the company sees second-quarter adjusted earnings of 15 cents to 16 cents a share on revenue of $21.3 million to $21.9 million. Analysts project earnings of 16 cents a share on revenue of $21.6 million. Shares were trading up $3.15 to $14.27.

As for the broader technology sector, the

Nasdaq 100

was recently trading down 25 points to 1880.

Other technology movers included

Intel

(INTC) - Get Report

, down 26 cents to $22.21;

Cisco Systems

(CSCO) - Get Report

, down 15 cents to $26.36;

Apple

(AAPL) - Get Report

, up 83 cents to $107.71;

Microsoft

(MSFT) - Get Report

, down 23 cents to $30.55;

Sun Microsystems

(SUNW) - Get Report

, down 3 cents to $5.17; and

Applied Materials

(AMAT) - Get Report

, down 33 cents to $19.36.