Adobe Systems (ADBE) 49.50 +1.55 (+3.2%)
After raising its Q3 (Aug) outlook on August 2, graphics software maker delivers a 53% jump in EPS to $0.43 (consensus of $0.39) and a 27% increase in revenues to $403.7 mln (consensus of $391.2 mln); Company then issues better than expected top and bottom-line forecasts for Q4 (Nov); Briefing.com profiled calls on In-Play from WR Hambrecht and Piper Jaffray predicting upside for the quarter; ADBE has rallied 20% since mid-July as part of the software space's relative strength
palmOne (PLMO) 33.60 -3.68 (-9.9%)
After guiding way above the Reuters Estimates consensus on June 21, mobile device maker turns in Q1 (Aug) profits of $0.43 per share - as compared to the Street's expectation of $0.20 and last year's result of breakeven; Guidance given on the call, however, was shy of expectations; Company pegged Q2 (Nov) EPS at $0.46 (consensus of $0.60) and sales at $370 mln (consensus of $371 mln); Management did increase its FY05 (May) outlook, but that is due to the upside seen in Q1
Red Hat (RHAT) 14.70 -0.40 (-2.7%)
Linux software vendor tops the Q2 (Aug) consensus EPS estimate by a penny - reporting earnings of $0.06 per share - on revenues that surged 60% to $46.3 mln; The latter, however, was a bit shy of the consensus estimate of $47.6 mln; On its conference call, management gave slightly weaker than expected guidance for Q4 (Nov) - putting revenues at $50-52 mln (consensus at $54.24 mln) and EPS at roughly $0.056 (consensus of $0.06); This was in contrast to the general tone of the call, which was positive
Silicon Storage (SSTI) 6.82 +0.35 (+5.4%)
After boosting its outlook for 4 consecutive quarters, memory chip maker cuts its initial targets for Q3 (Sept); Now sees net income of $0.15-0.17 per share (from $0.16-0.21) and revenues of $100-110 mln (from $130 mln-145 mln); Company blamed a substantial decline in digital consumer shipments that stemmed from excessive inventory (on the part of customers) in Q2 (June); Despite this, Q4 gross margins should come in above previous ranges - to 34-37% now; This can explain the buying in the after hours
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