were among technology's winners Thursday, jumping 13% after the maker of integrated circuits posted in-line third-quarter results and projected fourth-quarter results above Wall Street's expectations.
For the third quarter ended March 31, the company earned $7.7 million, or 10 cents a share, on revenue of $140.5 million. Excluding items, Aeroflex recorded earnings from continuing operations of $11.5 million, or 15 cents a share. Analysts polled by Thomson First Call expected earnings of 15 cents a share, before items, on revenue of $140.5 million. During the year-earlier period, the company earned $3.9 million, or 5 cents a share, on revenue of $113.8 million. Excluding items, year-ago earnings were $6.2 million, or 8 cents a share.
Aeroflex sees adjusted fourth-quarter earnings of 17 cents a share and revenue of about $149 million. Analysts project earnings of 16 cents a share on revenue of $148.4 million. Shares were trading up $1.62 to $14.14.
slumped 14% after the maker of printed circuit boards said it plans to sell $60 million in convertible notes. The 4% notes, which are due May 2013, will be sold to institutional investors. The sale is expected to close May 16. Merix plans to use proceeds from the offering to retire various debt obligations. Shares were trading down $1.94 to $11.56.
Comsys IT Partners
vaulted 20% after the information technology staffing-services company posted improved first-quarter results. The company reported earnings of $1.7 million, or 9 cents a share, on revenue of $178.6 million. The results included severance-related charges of $1.9 million, or 10 cents a share. One analyst had a forecast for earnings of 4 cents a share and revenue of $174 million. Last year, the company reported a first-quarter loss of $206,000, or a penny a share, on revenue of $165 million. The results during the year-ago quarter included restructuring charges of $3.4 million, or 22 cents a share.
Looking ahead, Comsys sees adjusted second-quarter earnings of 19 cents to 23 cents a share, with revenue of $181 million to $185 million. One analyst projects earnings of 15 cents a share on revenue of $176 million. Comsys shares were up $2.21 to $13.01.
fell 8% after the maker of optical networking equipment said it plans to sell some $375 million in senior convertible notes. Proceeds from the notes, which are due in 2026, will be used for general corporate purposes, possibly including the repayment of existing debt. Shares were trading down 28 cents to $3.11.
rose 7% after the provider of online entertainment software and services posted better-than-expected first-quarter results. The company earned $3.2 million, or 6 cents a share, up from $1 million, or 2 cents a share, a year earlier. Revenue jumped to $18.3 million from $10 million. Analysts expected earnings of 5 cents a share. "We are delighted to report our best ever quarterly results, driven by strong growth in our online gaming software and casual games businesses," the company said. Shares were up 68 cents to $10.50.
Other technology movers included
, down 54 cents to $20.21;
, down 47 cents to $23.30;
, down 27 cents to $19.31;
Sirius Satellite Radio
, down 9 cents to $4.45;
, down 15 cents to $2.55;
, down 8 cents to $4.99;
, down 31 cents to $3.97;
, down 6 cents to $2.67; and
, down $2.60 to $68.