Tech stocks were down Thursday following mixed earnings reports that included a major disappointment from Finnish phone company
gained $2.42, or 2%, to $122.89 after it delivered a first-quarter
Wednesday. Net income rose 26% to $2.32 billion, or $1.65 a share. Analysts were looking for earnings of $1.45 a share. Revenue rose 11.4% to $24.5 billion, beating Street estimates of $23.7 billion.
added 38 cents, or 2%, to $19.09 after data from industry research firm
showed Wednesday that the company grabbed
of the PC market share in the U.S. during the first quarter. Dell boosted shipments 15.7% year-on-year to bag 31.4% of the U.S. market vs. 27.9% a year ago.
, which makes programmable chips, rose $1.83, or 9.5%, to $21.04 after the company
for the first quarter, and raised its sales outlook. Altera said revenue in the current quarter is likely to be in the range of $339.5 million and $349.5 million, topping analysts' expectations of $336.6 million in sales.
Shares of IT security company
Check Point Software
rose 51 cents, or 2.3%, to $22.79 after the company
for the first quarter as profit rose 67%.
Nokia fell $4.81, or 14.3%, to $28.88 after the company reported
and offered a warning related to the expected impact of an economic slowdown on its business. Nokia reported handset shipments of 115.5 million in the quarter, matching expectations -- but the company's market share fell to 39% from 40%.
Nokia's results sent handset maker
down 95 cents, or 4.6%, to $19.71
shed $1.42, or 4.4%, to $30.69 after the company reported
in the number of active users in the first quarter. Net income for the quarter grew 22% to $460 million and EPS, excluding charges, was 42 cents a share. eBay revenue rose 24% from a year earlier to $2.19 billion, beating consensus estimates of 39 cents a share on revenue of $2.08 billion.
But active users for the quarter rose only 1% from the previous quarter to 82.9 million, while the number of new listings was up 4% from the previous quarter to 588.5 million.