Top Technology Stocks Losers (MOT, SYMC, FLEX)
Technology Stocks Losers by PennyStockPickalert.com.
(EMAILWIRE.COM, January 29, 2010 )
Dallas, Tx - Motorola, Inc. (NYSE:MOT) declined 12.43% to $6.48 on 133 million shares after the company announced that for the first quarter of 2010, it expects earnings per share (EPS) a loss of $0.01 to $0.03. This outlook excludes charges associated with items of the variety typically highlighted by the Company in its quarterly earnings releases. This outlook includes expenses related to non-cash amortization of intangibles and stock-based compensation expense of approximately $0.04 per share. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.04 for the first quarter of 2010.
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Symantec Corporation (NASDAQ:SYMC) decreased 6.45% to $17.41 on 35.32 million shares after the company announced that for the fourth quarter of 2010,GAAP revenue is estimated between $1.507 billion and $1.522 billion. GAAP diluted earnings per share (EPS) are estimated between $0.16 and $0.17. GAAP deferred revenue is expected to be in the range of $3.162 billion and $3.192 billion. Non-GAAP revenue for the fourth quarter of fiscal 2010 is estimated between $1.510 billion and $1.525 billion.
Flextronics International Ltd. (NASDAQ:FLEX) went down 7.04% to $6.60 on 24.49 million shares after the company announced that for fourth quarter of 2010, it expects revenue to be in the range of $5.8-$6.2 billion and adjusted earnings per share (EPS) to be in the range of $0.13-$0.16. GAAP EPS are expected to be lower than the guidance provided herein by approximately $0.07 per diluted share for estimated restructuring activities, quarterly intangible amortization, stock-based compensation expense and non-cash interest expense. According to Reuters Estimates, analysts were expecting the Company to report revenue of $5.8 billion and EPS of $0.13 for the same period.
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Dallas, Tx - Motorola, Inc. (NYSE:MOT) declined 12.43% to $6.48 on 133 million shares after the company announced that for the first quarter of 2010, it expects earnings per share (EPS) a loss of $0.01 to $0.03. This outlook excludes charges associated with items of the variety typically highlighted by the Company in its quarterly earnings releases. This outlook includes expenses related to non-cash amortization of intangibles and stock-based compensation expense of approximately $0.04 per share. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.04 for the first quarter of 2010.
You can subscribe to these stock alerts by visiting: http://www.PennyStockPickalert.com.
Symantec Corporation (NASDAQ:SYMC) decreased 6.45% to $17.41 on 35.32 million shares after the company announced that for the fourth quarter of 2010,GAAP revenue is estimated between $1.507 billion and $1.522 billion. GAAP diluted earnings per share (EPS) are estimated between $0.16 and $0.17. GAAP deferred revenue is expected to be in the range of $3.162 billion and $3.192 billion. Non-GAAP revenue for the fourth quarter of fiscal 2010 is estimated between $1.510 billion and $1.525 billion.
Flextronics International Ltd. (NASDAQ:FLEX) went down 7.04% to $6.60 on 24.49 million shares after the company announced that for fourth quarter of 2010, it expects revenue to be in the range of $5.8-$6.2 billion and adjusted earnings per share (EPS) to be in the range of $0.13-$0.16. GAAP EPS are expected to be lower than the guidance provided herein by approximately $0.07 per diluted share for estimated restructuring activities, quarterly intangible amortization, stock-based compensation expense and non-cash interest expense. According to Reuters Estimates, analysts were expecting the Company to report revenue of $5.8 billion and EPS of $0.13 for the same period.
ABOUT http://www.PennyStockPickalert.com
Penny Stock Pick Alert provides free stock newsletters on various types of stocks. These alerts helps investors in making the wise stock market decisions. So far thousands of our subscribers have made huge gains using our daily stock alerts. We also track penny stocks, midcap & smallcap penny stocks. You can become leader in stock market by keeping track of the daily activity.
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Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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