Amazon, Nokia: Tech Winners & Losers

Tech winners & losers story updated with closing prices.

NEW YORK ( TheStreet) -- The Nasdaq was off 68 points Friday to 2,686, due to disappointing corporate earnings, Egypt unrest and an index-pricing glitch that caused the Nasdaq to briefly halt in the morning.

Amazon ( AMZN) took a beating, dropping 7.22% to close at $171.14 after fourth-quarter sales missed expectations.
Amazon

The e-commerce giant earned $416 million, or 91 cents a share, on revenue of $12.95 billion. Analysts were looking for a profit of 88 cents on revenue of $13.01 billion.

Microsoft ( MSFT) closed down 3.84% to $27.76 despite posting better-than-expected second-quarter earnings Thursday.

Bolstered by Kinect and Office 2010 sales, the software giant posted an adjusted profit of 77 cents per share on sales of $19.95 billion, up from 74 cents EPS on sales of $19 billion in the year-ago quarter. Analysts were expecting EPS of 68 cents and revenue of $19.14 billion.

Some analysts were disappointed by Microsoft's miss with Windows sales. The company reported Windows revenue of $5.05 billion; analysts wanted to see $5.2 billion.

Hewlett-Packard ( HPQ) went down 2.63% to $45.51. Earlier this week, Dell ( DELL) CEO said HP paid too much for 3Par, which it acquired for $2.35 billion. HP topped Dell last year in a bidding war for the storage company.

Symantec ( SYMC) dropped 2.53% to close at $17.46, even after beating third-quarter Wall Street estimates earlier this week.

The security software company reported revenue of $1.6 billion and earnings of 35 cents a share, compared to $1.55 billion and earnings of 40 cents a share in the same period last year. Analysts had predicted revenue of $1.58 billion and earnings of 33 cents a share.

Nokia ( NOK) shares closed slightly up Friday, 0.09% to $10.57. The company said that its Ovi Application store ranks as the most popular app store in China, with more than 65% of the population favoring the marketplace over others. More than 250 million people use Nokia devices in China, according to the company.

The slight share price rise of the world's largest phone shop came after analysts reports surfaced Friday noting that the company could partner with either Microsoft or Google's ( GOOG) Android OS in a bid to reenter the U.S. smartphone market. Nokia will likely announce its strategy on Feb. 11, during the company's analyst day.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

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