were among technology's losers Tuesday, sliding 8% after the handheld-device maker slashed its fiscal second-quarter guidance.
For the period ending Dec. 1, the company now sees adjusted earnings of 15 cents to 16 cents a share, with revenue of $390 million to $395 million. Previously, the company predicted adjusted earnings of 20 cents to 23 cents a share and revenue of $430 million to $450 million. Analysts polled by Thomson First Call project adjusted earnings of 22 cents a share and revenue of $442.6 million.
Palm said that second-quarter results were hurt by a delay in completing the certification process for its Treo 750 smartphone product, which was expected to ship during the quarter. The company now expects to ship the new Treo during its third quarter. Shares were trading down $1.24 to $14.13.
rose 6% after the maker of Internet-based employee-training courses posted better-than-expected third-quarter results and lifted its full-year guidance. For the period ended Oct. 31, the company earned $7.1 million, or 7 cents a share, on revenue of $57.1 million. Analysts expected earnings of 5 cents a share and revenue of $55.8 million. During the year-earlier period, the company earned $5.7 million, or 6 cents a share, on revenue of $53.9 million.
Skillsoft now sees full-year earnings of 20 cents to 21 cents a share, above its earlier projection of 17 cents to 20 cents. The company raised its revenue forecast to $223.5 million to $225 million from a prior target of $218 million to $222 million. Analysts, on average, project earnings of 20 cents a share and revenue of $222.4 million. Shares were trading up 38 cents to $6.47.
fell 4% after the software company's third-quarter per-share earnings fell a penny short of expectations. The company reported a loss of $1.1 million, or 5 cents a share, on revenue of $50.4 million. Excluding items, the company earned $700,000, or 4 cents a share. Analysts expected earnings of 5 cents a share and revenue of $50.1 million. A year earlier, the company earned $4.2 million, or 21 cents a share, on revenue of $51.6 million. Shares were trading at $16.68, down 71 cents.
rose modestly after the software company said that it regained compliance with Nasdaq listing requirements. The company had been subject to delisting due to delayed financial filings, but it filed its quarterly report with the
Securities and Exchange Commission
on Nov. 22. Shares were trading up 3 cents to $5.08.
Other technology movers included
, up 22 cents to $26.02;
, down 20 cents to $29.28;
Sirius Satellite Radio
, down 6 cents to $4.06;
, down 12 cents to $20.90; ;
, down 6 cents to $5.30;
, up $1.10 to $90.64;
, down 1 cent to $18.91;
, up 3 cents to $2.56; and
Level 3 Communications
, down 3 cents to $4.97.