Red Hat ( RHAT) 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 ( MZ) 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 ( PIXR) 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 ( UCL) 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 ( LWSN) 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 ( LPMA) 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.