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Earnings Roundup: Cirrus Logic, NetGravity surprise
Also reporting better-than-expected results: Visio Corp. (Nasdaq: VSIO); Conexant System Inc. (Nasdaq: CNXT); S3 Inc. (Nasdaq: SIII); and Beyond.com Corp. (Nasdaq: BYND)
Source: ZDII
5:23pm EST 04/21/99
Western Digital meets 3Q forecasts
The disk drive maker reported a net loss of $61.3 million, or 68 cents a share, not counting one-time charges. That was on target with the prediction of First Call's survey of 12 analysts.
Source: ZDII
4:43pm EST 04/21/99
Update: Big Blue sees 1Q earnings jump, no evidence of Y2K impacts on customer spending
IBM reported earnings of $1.5 billion, or $1.55 a share, for the quarter ended Mar. 31. First Call's survey of 21 analysts predicted a profit of $1.41 a share, or 9.9 percent below the actual results.
Source: ZDII
5:22pm EST 04/21/99
Tellabs splits stock, sets lofty revenue goal
Telecommunications-equipment maker Tellabs Inc. (Nasdaq: TLAB) set a 2-for-1 stock split Wednesday and said it plans to triple its annual sales to $6 billion by 2003.
Source: ZDII
5:04pm EST 04/21/99
Informix hits targets in 1Q
Database software developer Informix Corp. (Nasdaq: IFMX) met analysts' estimates in its first quarter Wednesday, earning $7.2 million, or 4 cents a share, on sales of $196.6 million.
Source: ZDII
4:48pm 04/21/99
Go2Net beats expectations, announces stock split
Go2Net Inc. Wednesday posted quarterly profits ahead of expectations and announced a two-for-one stock split.
Source: Reuters
4:45pm EST 04/21/99
CNet triples analysts' 1Q estimates, sets another stock split
Online publisher CNet Inc. (Nasdaq: CNET) shattered analysts' estimates in its first quarter Wednesday, raking in $3.4 million, or 9 cents a share, on record sales of $19.6 million. It also announced a 2-for-1 stock split.
Source: ZDII
4:24pm EST 04/21/99
2:01pm EST 04/21/99
Chip-equipment stocks surge on strong orders report
Leading chip-equipment stocks surged Wednesday after Semiconductor Equipment and Materials International reported that North American manufacturers enjoyed a 14 percent jump in orders in March compared to February orders.
Source: ZDII
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