were among technology's winners Thursday, jumping 17% after the maker of solar-power cells posted better-than-expected first-quarter results and projected second-quarter revenue above analysts' forecast.
For the first quarter, the company earned $19.3 million, or 12 cents per American depository share, on revenue of $89.9 million. Analysts polled by Thomson First Call expected earnings of 9 cents a share on revenue of $77.6 million. During the year-earlier quarter, Suntech earned $10 million, or 11 cents a share, on revenue of $38.5 million. "During the quarter, we continued to improve our solar cell conversion efficiency rates while shifting more production to use thinner micron wafers," the company said.
Looking ahead, Suntech sees second-quarter revenue of $110 million to $117 million, which would represent a jump of 163% to 179% over year-ago levels. Analysts project revenue of $105.2 million. Shares were trading up $4.67 to $32.07.
rose 12% after the software company posted better-than-expected first-quarter results. The company earned $35.3 million, or 9 cents a share. Excluding stock-based compensation costs, the company earned $46.7 million, or 12 cents a share, beating analysts' estimate of 10 cents. Revenue totaled $323.2 million, compared with Wall Street's target of $322.3 million. During the year-earlier quarter, the company earned $34.1 million, or 8 cents a share, on revenue of $281.7 million. Year-ago adjusted earnings were $35.8 million, or 9 cents a share. Shares were trading up $1.43 to $13.29.
fell 2% after the software company named a new chief financial officer. Randy Furr will take over for Murray Demo, who announced his resignation in December. Demo is leaving the company to spend more time with his family. Furr, meanwhile, will assume the CFO position on May 30. Adobe shares were 60 cents lower to $30.60.
rose 3% after the chipmaker announced a repurchase plan. The new plan, which allows the company to buy up to 2 million shares, replaces the company's prior 1-million-share buyback. The new repurchase program runs through June 15, 2007. Shares were trading up 30 cents to $9.70.
tumbled 13% after the online music service company posted better-than-expected fourth-quarter results but said its first-quarter loss would be wider than expected. For the March quarter, the company posted a loss from continuing operations of $7.3 million, or 17 cents a share, on revenue of $26.8 million. Analysts expected a loss of 35 cents a share, with revenue of $25.3 million. During the year-earlier quarter, Napster reported a loss of $24.1 million, or 59 cents a share, on revenue of $17.4 million.
Napster projected a first-quarter loss of $16 million, or 37 cents a share, on revenue of $25 million to $28 million. Analysts project a loss of 31 cents a share and revenue of $26.7 million. Shares were down 52 cents to $3.41.
Other technology movers included
, up 25 cents to $22.98;
, up 2 cents to $18.68;
, down 11 cents to $13.74;
, up 24 cents to $20.42;
, up 9 cents to $2.84;
, up 2 cents to $4.60;
Sirius Satellite Radio
, unchanged at $4.02;
, up 10 cents to $17.03;
, down 7 cents to $2.40;
, up 70 cents to $32.86; and
, up 1 cent to $2.55.