Manugistics (MANU) 2.50 -0.35 (-12.3%)
Inventory management software maker misses on both the top and bottom-line in its Q3 (Nov) report; Software revenues plunged 61% and service sales decreased 12%; Company plans a headcount reduction as a way to offset its operating loss; This is the third out of the fourth quarter Manugistics has missed profits estimates, and the third quarter in a row it has reported a net loss
Merix (MERX) 10.89 -1.89 (-14.6%)
Maker of printed circuit boards tops the Q2 (Nov) Reuters Estimates consensus by $0.04, but comes up short on revenues; Goes on to issue worse than expected guidance for Q3 (Feb) - calling for a $0.05-0.11 loss as compared to expectations of a $0.01 profit; Blames lower average prices and a seasonal slowdown in quick-turn orders, among other things; Company recently announced its acquisition of Data Circuit Systems, and received an upgrade from Wells Fargo to Buy from Hold following
Research in Motion (RIMM) 83.30 -3.74 (-4.3%)
After guiding higher for Q3 (Nov) Sept 30, handheld device maker exceeds the Reuters Estimates EPS and sales consensus figures; Blackberry subscriptions, though, came in light at 387K (versus talk of 397K); Management mentioned on its call that the quarter ended on Nov 27, not on Nov 30; The company's guidance for Q4 (Feb) was uninspiring: EPS of $0.60-0.67 and revenues of $390-410 mln as compared to the Street's forecast of $0.62 and $411.3 mln, respectively; Stock has more than doubled this year; Rival PLMO is down 1% tonight
Solectron (SLR) 5.61 -0.42 (-7.0%)
After warning for Q1 (Nov) Sept 28, electronics contract manufacturer reports a profit of $0.05 per share, in line with expectations, on top of flat revenues of $2.69 bln; The Street was expecting the top line to come in higher, at $3.02 bln specifically, so the stock has dropped tonight; The company cited softness in its consumer end market for cable TV set-top boxes and third-generation wireless handsets, which it attributed to product delays/transitions; The rest of the EMS group has declined tonight
Cognos (COGN) 43.70 +0.42 (+1.0%)
Canada's largest software company turns in a 42% increase in Q3 (Nov) EPS, to $0.37 (consensus of $0.33), and a 22% rise in revenues, to $210.4 mln (consensus of $201.5 mln); Software license sales jumped 26% to $91.6 mln; The company guided Q4 (Feb) earnings and sales in line, but put FY05 EPS and revenues above consensus estimates; As a result, the stock has moved higher and set a new 52-week high in the process
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