Tech. Stocks Earnings (Microsoft Corporation, STX, SNDK, APKT)


Microsoft Corporation  (NASDAQ:MSFT) shares jumped 0.02 (0.07%) after the company reported profit $ $5.74 billion, or 68 cents a share on revenue of $17.37 billion during the first quarter ended Sept. 30, ahead of analysts’ estimates of 68 cents a share on revenue of $17.24 billion.

Seagate Technology PLC  (NASDAQ:STX) shares soared 1.68 (13.93%) to $13.74 following the company said that it earned 32 cents a share on revenue of $2.81 billion during the first quarter. On an adjusted basis, the company earned 34 cents a share, ahead of analysts’ estimates of 31 cents a share and $2.9 billion.

Also Thursday, Seagate said it believes it will close on the acquisition of hard disk drive assets from South Korea’s Samsung by the end of the 2011.

SanDisk Corporation  (NASDAQ:SNDK) shares rose 1.60 (3.52%) to $47.10 following the company said that it earned $233 million, or 96 cents a share on revenue of $1.42 billion during the third quarter. On an adjusted basis, the company earned $292 million, or $1.20 a share, ahead of analysts’ estimates of $1.20 a share and revenue of $1.42 billion.

Acme Packet, Inc.  (NASDAQ:APKT) shares fell 0.58 (-1.52%) to $37.50 following the company said that it earned $7.9 million or $0.11 per share on revenue of $53.1 million during the third quarter. On an adjusted basis, the company earned 21 cents per share, ahead of analysts’ estimates of $0.14 a share and revenue of $71 million.

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