Earning Plays

[3xBuBu]

Friday, June 26

Palm gains highlight early tech trading action(9:53 am ET)
SAN FRANCISCO (MarketWatch) -- Technology stocks were mostly on the rise in early trading Friday, with Palm Inc. (PALM: news, chart, profile) among the top gainers. Palm's share rose $1.55, or more than 11%, to $15.50 after the smart phone maker reported a fourth-quarter loss that was less than what Wall Street analysts had forecast. Other gains came from Apple Inc. (AAPL: news, chart, profile) , Dell Inc. (DELL: news, chart, profile) and Cisco Systems Inc. (CSCO: news, chart, profile) . The tech-heavy Nasdaq Composite Index ($COMPQ: news, chart, profile) was at its breakeven point of 1,828.

Energy stocks retreat as broad market drops(9:36 am ET)
NEW YORK (MarketWatch) -- Energy stocks moved into the red with the broad market on Friday morning as shares fell back from gains in the previous session. The NYSE Arca Oil Index (XOI: news, chart, profile) dipped 0.7% to 911. The NYSE Arca Natural Gas Index (XNG: news, chart, profile) fell 0.8% to 414. The Philadelphia Oil Service Index ($OSX: news, chart, profile) dropped 0.6% to 161. The Dow Jones Industrial Average fell 25 points, or 0.2%.

Shaw Communications Q3 net edges up(8:44 am ET)
NEW YORK (MarketWatch) -- Shaw Communications Inc. (SJR: news, chart, profile) on Friday said third-quarter net income rose slightly to $131.95 million, from $128.1 million, or 30 cents a share in the year-ago period. The Calgary, Alb. cable TV and communications firm said revenue rose to $861.4 million from $792.2 million. Analysts expected earnings of 26 cents a share, according to a survey by FactSet Research. (Updated to correct analyst target figure.)

KB Home's quarterly loss narrows(8:19 am ET)
BOSTON (MarketWatch) -- KB Home (KBH: news, chart, profile) on Friday reported a net loss of $78.4 million, or $1.03 a share, compared with a loss of $255.9 million, or $3.30 a share, in the same quarter the prior year. The Los Angeles-based home builder said impairment charges shrunk to $49.5 million from $176.5 million. Revenue fell 40% from the year-ago quarter to $384.5 million, KB Home said. Analysts surveyed by Thomson Reuters had forecast a loss of 64 cents a share on revenue of $339.1 million, on average.
Thursday, June 25

Accenture quarterly net income falls slightly(4:51 pm ET)
SAN FRANCISCO (MarketWatch) -- Accenture Ltd. (ACN: news, chart, profile) said late Thursday that fiscal third-quarter net income came in at $444 million, down slightly from a year earlier when the consulting and out-sourcing firm made $469 million. Net income per share, which includes minority interests in some Accenture businesses, came in at 68 cents a share in the latest period. Accenture shares climbed 5.6% to $33.40 during after-hours trading on Thursday.

Micron Technology loss widens to $290 million(4:16 pm ET)
SAN FRANCISCO (MarketWatch) -- Micron Technology Inc. (MU: news, chart, profile) on Thursday reported a fiscal third-quarter loss of $290 million, or 36 cents a share, compared to a loss of $236 million, or 30 cents a share, during the same period a year ago. Revenue fell 26% to $1.1 billion from $1.5 billion in the prior year. Analysts surveyed by FactSet Research had forecast the memory chip maker to lose 39 cents a share on $1.2 billion in sales.

Palm net losses grow in fourth quarter(4:10 pm ET)
SAN FRANCISCO (MarketWatch) -- Palm Inc. saw net losses grow deeper on a sharp drop in sales in its fourth fiscal quarter -- which ended before the company's popular Pre smartphone went on sale. For the period ended May 29, the wireless device maker (PALM: news, chart, profile) reported a net loss of $105 million, or 78 cents a share, compared to a loss of $43.4 million, or 40 cents a share, for the same period the previous year. Excluding stock-option charges and expenses related to restructuring, Palm said net losses would have totaled $53.4 million, or 40 cents a share, for the recent period. Revenue fell more than 70% to $86.8 million. Analysts were expecting a loss of 62 cents a share on revenue of $80.6 million, according to consensus forecasts from Thomson Reuters.