were among technology's losers Tuesday, tumbling 21% after the provider of CD and DVD publishing systems previewed lower-than-expected fourth-quarter earnings.
The company expects to post fourth-quarter earnings of 22 cents a share and sales of about $24 million when it reports its full results Feb. 21. Previously, the company projected it would earn 27 cents to 32 cents a share on sales of $24 million to $26 million. Rimage said earnings were hurt by unexpected expenses of about $800,000 related to an extension of a consulting agreement. "Due to this extension, Rimage realized an additional $800,000 of expense in the fourth quarter and will incur the final balance of $1.2 million in the first quarter of 2006, when the consulting group's engagement will be concluded," the company said. Shares were trading down $6.03 to $22.28.
jumped 12% after the digital audio technology company posted better-than-expected fourth-quarter results. The company earned $1.3 million, or 7 cents a share, on sales of $17.9 million. Analysts polled by Thomson First Call expected earnings of 4 cents a share on sales of $16.9 million. During the year-earlier period, the company earned $192,000, or 1 cent a share, on sales of $16.6 million. Year-ago results included a charge of $2.5 million, or 14 cents a share. Shares were trading up $1.97 to $18.49.
rose 9% after the maker of satellite equipment posted big gains in fourth-quarter earnings and sales. The company earned $4.3 million, or 24 cents a share, on sales of $36.8 million. During the year-earlier period, the company earned $3 million, or 18 cents a share, on sales of $16.8 million. Sales results in the recent period were helped by recently acquired Xicom Technology and by the continued growth in sales of the company's pre-acquisition satellite electronics and broadcast equipment business, the company said. "2005 has been the best year ever for Radyne," the company said. "Our merger with Xicom and the strength of our products in the worldwide markets have resulted in record sales and profitability. Signs point to even better performance in 2006." Shares were trading up $1.19 to $14.65.
fell 2% after the company warned that it would post a fourth-quarter loss instead of a profit. The maker of flash-memory products now expects to post a loss of $17 million to $21 million, or 21 cents to 26 cents a share. Previously, the company said that it would report a profit. The company now predicts sales of $240 million to $245 million, above its previous guidance of at least $220 million. Analysts project earnings of 4 cents a share on sales of $225.6 million. Lexar attributed the fourth-quarter loss to a higher cost of goods sold. Shares were trading down 14 cents to $6.26.
climbed 12% after the online travel services company said it plans to buy up to 1 million shares as part of a share repurchase plan. "This share repurchase program demonstrates our commitment to optimize the use of excess capital and to maximize shareholder value," the company said. Shares were trading up $1.98 to $18.75.
Other technology movers included
, up 28 cents to $21.41;
Sirius Satellite Radio
, up 3 cents to $5.64;
, up 9 cents to $26.48;
, up 18 cents to $19.73;
, up 4 cents to $2.81;
, down 6 cents to $12.43;
, up $1.81 to $66.52; and
, up 23 cents to $20.09.