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HolidayBuyer's Guide
Tech Industry

Hoover&#039s, Linear Technology hurdle estimates

Hoover's Inc. (Nasdaq: HOOV) posted a smaller-than-expected loss in its second quarter Tuesday, losing $3.3 million, or 29 cents a share, on sales of $3.8 million.

First Call consensus expected the online business information provider to lose 39 cents a share in the quarter.

Its shares closed off 3/8 to 10 13/16 ahead of the earnings report.

In the year-ago quarter, it lost $903,000, or 18 cents a share, on sales of $2.1 million.

Company officials said its advertising sales jumped a staggering 476 percent increase in the quarter while its total subscriptions revenue rose 65 percent.

Among other technology companies reporting earnings Tuesday:

  • E-Tek Dynamics Inc. (Nasdaq: ETEK) topped Street estimates by 3 cents a share in its first quarter, earning $6.6 million, or 17 cents a share, on sales of $60.3 million.

    First Call consensus expected the maker of fiber optic components and modules for optical networks to earn 14 cents a share in the quarter.

    E-Tek shares closed up 3 1/4 to 67 1/4 ahead of the earnings report.

    In the year-ago quarter, E-Tek earned $5.2 million, or 9 cents a share, on sales of $33 million.

  • Linear Technology Corp. (Nasdaq: LLTC) also pushed past analysts' estimates in its first quarter, raking in $58.4 million, or 36 cents a share, on sales of $147.5 million.

    First Call consensus expected the semiconductor manufacturer to earn 35 cents a share in the quarter.

    The stock closed off 1 25/32 to 58 1/2 ahead of the earnings report.

    In the year-ago quarter, it earned $44.3 million, or 28 cents a share, on sales of $116 million.>