( VSNT) were among technology's winners Wednesday, vaulting 36% after the software company said it swung to a third-quarter profit and raised its full-year earnings forecast.
For the period ended July 31, the company earned $1 million, or 28 cents a share, on revenue of $3.8 million. A year earlier, the company posted a loss of $14.4 million, or $4.04 a share, on revenue of $3.5 million. "Record quarterly income, strong cash flow and an increase in maintenance backlog are very good news in any quarter," Versant said. "Given the fact that our third quarter is typically a weaker quarter, we are exceptionally pleased with these results."
Looking ahead, Versant now sees full-year earnings of $3.5 million, or $1 a share. Previously, the company expected earnings of $2.6 million to $2.9 million. Shares recently were trading up $2.24 to $8.42.
soared 19% after the software maker posted fourth-quarter results that topped analyst forecasts. For the period ended June 30, the company earned $21.4 million, or 53 cents a share, on revenue of $191.8 million. Excluding items, the Micros earned $23.4 million, or 58 cents a share. Analysts polled by Thomson First Call expected earnings of 51 cents a share and revenue of $184.6 million. During the year-earlier period, the company earned $18.1 million, or 45 cents a share, on revenue of $172 million.
For the first quarter, Micros predicts adjusted earnings of 38 cents to 41 cents a share on revenue of $170 million to $173 million. Analysts project earnings of 39 cents a share on revenue of $169.7 million. Shares were trading up $7.50 to $46.94.
( ADCT) slid 8% after the telecom equipment maker posted strong third-quarter results but cut its full-year revenue estimate. For the period ended July 28, the company posted earnings from continuing operations of $23.2 million, or 20 cents a share. Excluding items, ADC earned $36.5 million, or 30 cents a share, topping analysts' forecast by 4 cents. Revenue totaled $343.6 million, compared with analysts' forecast of $332.8 million. In the year-earlier quarter, the company had earnings from continuing operations of $37.5 million, or 30 cents a share, on revenue of $307 million.
ADC now sees full-year revenue of $1.27 billion o $1.29 billion, lower than its previous outlook of $1.28 billion to $1.3 billion. The company sees earnings, excluding items, of 88 cents to 93 cents a share. Analysts project earnings of 90 cents a share on revenue of $1.3 billion. Shares were down $1.11 to $13.64.
( LNUX) tumbled 16% after the software company posted in-line fourth-quarter earnings with weaker-than-expected sales. For the period ended July 31, the company earned $696,000, or a penny a share, on revenue of $10.5 million. Analysts expected earnings of a penny a share on revenue of $10.7 million. During the year-earlier quarter, the company recorded a loss of $1 million, or 2 cents a share, on revenue of $7.8 million. Shares were trading down 72 cents to $3.81.
rose 7% after the digital media processor company posted second-quarter revenue that was well above analysts' expectations. For the period ended July 29, the company reported revenue of $20.1 million, compared with analysts' forecast of $17.9 million. During the year-earlier quarter, the company posted revenue of $8 million.
Sigma didn't release its earnings because of an ongoing investigation into its stock-options practices. As a result of the investigation, the company also said that it may not be able to file its second-quarter report with the
Securities and Exchange Commission
before the filing deadline. Analysts project second-quarter earnings of 3 cents a share. Shares were trading at $12.57, up 82 cents.
Other technology movers included
, down 8 cents to $19.60;
( LU), up 7 cents to $2.37;
, up 70 cents to $67.18;
( NOVL), down 24 cents to $6.54;
, down 7 cents to $21.61;
, up 2 cents to $2.66;
, down 9 cents to $25.75;
, down 1 cent to $16.68; and
, up 3 cents to $15.55.