STOCKS TO WATCH: DoubleClick, Gateway, PMC-Sierra and Veritas
Expect the following technology stocks to be among Friday's most actively traded issues: DoubleClick, Gateway, PMC-Sierra and Veritas.
DoubleClick should get some bounce Friday after meeting analysts' estimates in its third quarter, earning $3.7 million, or 3 cents a share, on sales of $135.2 million.
A survey of analysts by First Call Corp. predicted the online advertising firm would earn 3 cents a share in the quarter.
However, its shares closed off 3.06 to a 52-week low of 18.13 ahead of the earnings report.
The $135.2 million in sales represents a 79 percent improvement from the year-ago quarter, when it posted a loss of $3.8 million, or 3 cents a share, on sales of $75.3 million.
The PC maker should gain ground Friday after meeting analysts' estimates in its third quarter.
Gateway earned $152.6 million, or 46 cents a share, on sales of $2.53 billion.
In the year-ago quarter, it made $113.2 million, or 35 cents a share, on sales of $2.18 billion.
Gateway said it now derives half its total profits from non-PC sources - which also include training for customers, revenue from financing and the sale of warranties. A year ago, Gateway earned just 20 percent of its profit from these "beyond the box" sales.
Gateway shares closed off 0.99 to 43.63 ahead of the earnings report.
PMC-Sierra just keeps delivering for its investors. On Thursday, it passed analysts' estimates in its third quarter, earning $56 million, or 31 cents a share, on sales of $198.1 million.
First Call Corp. consensus expected it to earn 26 cents a share in the quarter.
Its shares moved up 1.25 to 158.94 ahead of the earnings report.
The $198.1 million in sales marks a 140 percent improvement from the year-ago quarter when it earned $18.7 million, or 11 cents a share, on sales of $82.5 million.
The storage management software developer also topped analysts' estimates in its third quarter, earning $70.3 million, or 16 cents a share, on sales of $317.2 million.
Analysts were looking for a profit of 14 cents a share in the quarter.
The $317.2 million in sales marked a 73 percent jump from the year-ago quarter when it earned $38.9 million, or 9 cents a share, on sales of $183.4 million.
"Our third-quarter results were exceptional by all financial measures," said CFO Ken Lonchar in a prepared release.
Veritas shares closed off 12 percent to 121.60 ahead of the earnings report.