( DITC) were among technology's winners Friday, jumping 14% after the telecom-equipment maker posted better-than-expected third-quarter results.
The company reported a loss of $100,000, or roughly break-even on a per-share basis, on sales of $14 million. Analysts surveyed by Thomson First Call expected a loss of 2 cents a share and sales of $13.4 million for the January quarter. During the year-earlier period, the company earned $7.1 million, or 19 cents a share, on sales of $21.3 million. "We moved the company forward dramatically in the third quarter," the company said. "We delivered exceptional performance in our North American voice processing business."
Looking ahead, Ditech expects a 30% sequential jump in fourth-quarter sales, which would imply sales of about $18.2 million. Analysts project fourth-quarter sales of $15.8 million. The company said it expects to be profitable in the quarter. Analysts project earnings of 2 cents a share. Shares were trading up $1.32 to $10.77.
shares rose 8% after the company's fourth-quarter earnings topped forecasts. The company, a maker of chips for radio-frequency devices, earned $7.1 million, or 23 cents a share, on sales of $22.7 million. Analysts expected earnings of 19 cents a share. During the year-earlier period, the company earned $3.4 million, or 13 cents a share, on sales of $16.9 million. "The fourth quarter was a strong finish to the year," the company said. "We introduced 23 new products during the quarter, for a total of 80 in 2005. Going forward, our expanding product lines and sales channels will be major factors in driving our revenue."
Hittite Microwave sees first-quarter earnings of $6.1 million to $6.5 million, or 20 cents to 21 cents a share, excluding stock-based compensation costs. Analysts project earnings of 18 cents a share. The company predicts sales of $24 million to $25 million. Shares were up $2.25 to $30.09.
Advanced Digital Information
slumped 11% after the company posted mixed first-quarter results. For the quarter ended Jan. 31, the storage systems company earned $4.4 million, or 7 cents a share, beating analysts' estimate of 5 cents. Sales, meanwhile, totaled $119.2 million, below Wall Street's projection of $123.8 million. During the year-earlier period, the company posted a loss of $270,000, or less than a penny a share, on sales of $110.8 million. Shares were trading down $1.19 to $9.22.
sank 12% after the telecom outfit posted a sharp drop in fourth-quarter earnings. The company's profit fell to $2 million, or 7 cents a share, from $11.1 million, or 40 cents a share, a year earlier. Revenue slipped to $144.6 million from $125.3 million. For the first quarter, the company expects revenue of $118 million to $120 million. Talk America backed its full-year revenue projection of $445 million to $450 million. Shares were down $1.23 to $8.68.
rose 3% after the graphics-chip maker posted better-than-expected results. The company earned $98.1 million, or 53 cents a share, on sales of $633.6 million. Analysts expected earnings of 49 cents a share and sales of $625.3 million. A year earlier, the company earned $48 million, or 27 cents a share, on sales of $566.5 million. Shares recently traded at $48.59, up $1.38.
Other technology movers included
Sirius Satellite Radio
, down 29 cents to $5.36;
, down 57 cents to $20.78;
, up 10 cents to $3.05;
, down $1.42 to $30.54;
, up 4 cents to $4.41;
, down 27 cents to $19.69;
, down 15 cents to $26.66;
, down 9 cents to $19.89;
XM Satellite Radio
( XMSR), down $1.84 to $22.14;
, down 2 cents to $70.55;
Advanced Micro Devices
, down 91 cents to $40.83;
( LU), down 3 cents to $2.85; and
, down 6 cents to $12.38.