Hoover's, 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:
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.
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.>