Computer Associates (CA) 27.58 +0.35 (+1.3%)
Management software maker matches the Q3 (Dec) Reuters Estimates consensus of $0.19 per share on revenues that were better than expected; The company noted that security and its channel businesses performed particularly well, with the latter showing 94% bookings growth; Computer Associates went on to guide Q4 (Mar) in line and FY05 EPS and revenues higher; The stock has recovered some tonight after losing 1.3% in the regular session

Electronic Arts (ERTS) 59.90 +2.36 (+4.1%)
After warning for Q3 (Dec) Oct 19, interactive software maker surpasses Wall Street's top and bottom-line expectations despite reporting year/year declines; The company guided FY05 (Mar) EPS to the low-end of market expectations, which implies a weaker than expected Q4 performance, but shares have still traded higher on the better than expected Q3 earnings report; Late last year, Electronic Arts locked up licensing deals with the NFL and ESPN in hopes of preserving its Madden franchise

Flextronics (FLEX) 13.10 +0.68 (+5.5%)
After guiding lower for Q3 (Dec) Oct 25, contract electronics manufacturer tops the Reuters Estimates EPS consensus by a penny on revenues that rose 3% to $4.28 bln (consensus of $4.25 bln); The company gives roughly in line projections for Q4 (Mar) and Q1 (June); On its call, the company said that Q3 gross margins were the highest in the last three years; Also added that Nortel (NT) revenues should provide growth in the next fiscal year; Competitors SANM and SLR have traded higher tonight

RF Micro Device (RFMD) 5.11 -0.39 (-7.1%)
After issuing worse than expected Q3 (Dec) forecasts Oct 26, maker of chips used in wireless products beats the consensus EPS and revenues estimates although profits and sales declined noticeably; The company did not give encouraging guidance for Q4 (Mar), saying it saw a loss on revenues in the low-to mid $150 mln range (consensus of $156.9 mln); This was RFMD's 5th warning in the past year; On its call, management said that it assumed the handset market would decline seasonally

Texas Instruments (TXN) 21.57 +0.45 (+2.1%)
After guiding lower for Q4 (Dec) Oct 18, semiconductor company comes in at the high end of its EPS and revenues ranges and tops the Street's estimates; The company noted that it moved aggressively in Q4 to decrease factory loadings, which reduced inventory by $100 mln; Texas Instruments went on to guide Q1 (Mar) in line; On its call, the company said it believes its growth rate in its wireless business compared favorably with peers, and suggested that it significantly outpaced units in industry