Red Hat said it earned $12.4 million, or 7 cents a share, for the first quarter ended May 31, compared with $10.9 million, or 6 cents a share, a year ago. Revenue for the quarter was $60.8 million, up from $42 million for the same period last year. Analysts expected a profit of 5 cents a share on revenue of $61.3 million. The stock gained $1, or 7.6%, to $14.10 Friday.

Milacron cut its guidance for the full year 2005, citing a falloff in demand from the auto industry in North America and continued softness in Western Europe. The supplier of plastics processing technologies said it now expects a loss of $14 million to $24 million on sales of $815 million to $840 million. For the second quarter, the company said it expects to come in on the low end of its previous guidance of a loss of $6 million on sales of $198 million. The stock fell 19 cents, or 10%, to $1.70 Friday.

Pixar Animation reduced its second quarter earnings outlook to 10 cents a share from its previous guidance of 15 cents a share, citing the most current home video sales for "The Incredibles." Analysts expected earnings of 19 cents a share, according to Thomson First Call. The stock was off $6.81, or 13.6%, to $43.24 Friday.

Verity ( VRTY) said it earned $106,000, or breakeven, for the fourth quarter ended May 31, compared with $1.4 million, or 4 cents a share, a year ago. The software provider reported revenue of $36.5 million. Excluding certain items, the company earned $2.1 million, or 6 cents a share. Analysts expected a profit of 5 cents a share on revenue of $35 million, according to Thomson First Call. The company also announced that its board has authorized a share buyback of up to $50 million. The stock added 22 cents, or 2.5%, to $8.99 Friday.

Manugistics Group ( MANU - Get Report) reported a loss of $4.9 million, or 6 cents a share, for the first quarter ended May 31, versus a loss of $7.7 million, or 9 cents a share, a year ago. Revenue for quarter was $46.7 million, down 10% from $51.6 million for the same period last year. Excluding certain items, the company lost $835,000, or a penny a share. Analysts expected a loss of 3 cents a share on revenue of $44.1 million, according to Thomson First Call. The stock added 11 cents to $1.89 Friday.

Unocal Corp said it expects second quarter adjusted after-tax earnings of $1.65 to $1.70 a share. The company said second quarter special items are expected to include a $12 million after-tax gain from the sale of Unocal's 76 Seadrift LLC subsidiary and may include other special items that have not yet been determined. Analysts were expecting earnings of $1.37 a share on revenue of $1.22 billion. The stock fell 53 cents to $64.52 Friday.

Lawson Software said it earned $5.9 million, or 6 cents a share, for the fourth quarter ended May 31, versus $3.5 million, or 3 cents a share, a year ago. Revenue for the quarter was $86.8 million, down from $99.7 million. Analysts expected earnings of 6 cents a share on revenue of $87.4 million, according to Thomson First Call. The stock gained 10 cents to $5.25 Friday.

Lipman Electronic Engineering said it expects second quarter earnings to be slightly below analysts' estimates due to the delay of some orders. The company now expects to earn 20 cents to 24 cents a share, and to post pro forma earnings of 25 cents to 29 cents a share, on revenue of $57 million to $58 million. Analysts expected a profit of 30 cents a share on revenue of $61.5 million. The company also reiterated its previous full year 2005 earnings guidance of $1.39 to $1.42 a share, and pro forma earnings of $1.59 to $1.62 a share, on revenue of $273 million to $285 million. The stock fell $1.66, or 5.4%, to $29.11.