Avid Technology ( AVID) reported a loss of $17.8 million, or 46 cents a share, for the third quarter, reversing a year-earlier profit of $19 million, or 54 cents a share. However, earnings before items were $24.2 million, or 60 cents a share, well above the analyst estimate of 46 cents a share. The maker of digital media production products said revenue for the quarter rose to $204.4 million from $147.4 million last year. Analysts expected revenue of $192.2 million. "We are especially pleased with the performance of our broadcast and storage solutions in our video division," said David Krall, president and chief executive. The stock jumped $4.17, or 9.5%, to $48 in after-hours trading. Maximum Integrated Products ( MXIM) said it earned $105.4 million, or 31 cents a share, for the first quarter ended Sept. 24, down from $144.5 million, or 45 cents a share, a year ago. Excluding items, the company earned $133.2 million, or 39 cents a share, matching analysts' mean estimate. The supplier of analog and mixed-signal products reported revenue for the quarter of $424.4 million, above Wall Street's forecast of $418.1 million. The stock fell $2.92, or 7.5%, to $36.04 in after-hours trading. TechTeam Global ( TEAM) said it earned $1.23 million, or 12 cents a share, for the third quarter, down from $1.52 million, or 16 cents a share, a year ago. The information-technology outsourcing provider said revenue rose 21.4% to $41.3 million from $34 million last year. The two analysts polled by Thomson First Call had an average estimate for the company to earn 18 cents a share on revenue of $44.2 million. The stock was down $1.90, or 15.6%, to $10.25 in after-hours trading. @Road's ( ARDI) third-quarter earnings rose to $33.4 million, or 54 cents a share, from $2.9 million, or 5 cents a share, a year ago. The results included a tax benefit of $34.2 million. The provider of mobile resource management said revenue rose 31% to $25 million from $19.1 million last year. Analysts expected a loss of 3 cents a share on revenue of $23.5 million. "We believe that market momentum continues to build, and we are looking for customer demand for both our hosted solutions and licensed software to continue to grow," said Krish Panu, president and chief executive, in a statement. The stock was up 55 cents, or 12.4%, to $4.99 in after-hours trading.
Ingram Micro ( IM) reported net income $48.4 million, or 29 cents a share, for the third quarter, down from $77.3 million, or 49 cents a share, a year ago. Excluding items, the company earned $60 million, or 36 cents a share, topping analysts' expectation of 31 cents a share. The distributor of technology products said revenue for the quarter rose 16% to $6.96 billion from $6.02 billion last year. Wall Street predicted revenue of $6.95 billion. The stock was down 14 cents, or 0.8%, to $17.95 after hours. RealNetworks ( RNWK) swung to a third-quarter profit $11.2 million, or 6 cents a share, compared with a loss of $7 million, or 4 cents a share, a year ago. Excluding items, RealNetworks earned $14.7 million, or 8 cents a share. The digital media and software company said revenue rose 20% to $82.2 million from $68.3 million last year. Analysts, on average, expected a profit of 4 cents a share, before items, on sales of $82.17 million. "We continue to make great progress with strong year-over-year revenue growth, increased profitability and a base of more than 2.2 million paid subscribers, including 1.3 million paid music subscribers," said Rob Glaser, chairman and CEO. Looking ahead, the company anticipates fourth-quarter earnings of $1.42 to $1.48 a share on revenue of $81 million to $85 million. Wall Street had targeted fourth-quarter earnings of $1.48 a share and revenue of $88 million. Shares were lower by 36 cents, or 4.4%, to $7.92 in after-hours trading. Sierra Wireless ( SWIR) reported a narrower-than-expected loss of $3.1 million, or 12 cents a share, for the third quarter, compared with earnings of $7.1 million, or 27 cents a share, a year earlier. Analysts projected a loss of 22 cents a share. Revenue for the quarter slipped to $27.4 million from $59.1 million, but beat Wall Street's estimate of $24.4 million. In July, the wireless company predicted a loss of $5.7 million, or 22 cents share, on sales of $24 million. The stock gained 50 cents, or 4.4%, to $11.75 after hours.
Giga-tronics ( GIGA) reported a loss of $1.1 million, or 24 cents a share, for the second quarter ended Sept. 24, compared with a profit of $24,000, or a penny a share, a year ago. Revenue for the quarter declined to $3.6 million from $5.4 million last year. The producer of microwave devices said it experienced a significant decline in military-related orders and delivery systems. The stock plunged $2.16, or 43.8%, to $2.77 in after-hours trading. Deckers Outdoor's ( DECK) third-quarter earnings rose to $8.2 million, or 63 cents a share, from $5.8 million, or 46 cents a share, a year ago. Revenue rose to $69.2 million from $55.8 million last year. Analysts expected earnings of 59 cents a share on revenue of $69.5 million. For the fourth quarter, the company lowered its earnings estimate to 60 cents to 64 cents a share, with revenue of $72 million to $75 million. This is below Wall Street's forecast of 83 cents a share on revenue of $80.56 million. For fiscal 2005, the company expects to earn $2.13 to $2.17 a share, below analysts' projection of $2.33. The company sees 2005 revenue of $246 million to $249 million, vs. analysts' mean estimate of $254.6 million. The stock was down $3.56, or 16.8%, to $17.68.