STOCKS TO WATCH: DoubleClick, Expedia, Handspring, Rambus
Expect the following technology stocks to be among Monday's most actively traded issues: DoubleClick, Expedia, Handspring and Rambus.
The online advertising and interactive marketing services provider lost $10.5 million, or 8 cents a share, on sales of $114.9 million.
First Call consensus pegged DoubleClick for a loss of 9 cents a share on sales of $108.5 million.
The $114.9 million in sales marks a 4 percent improvement from the year-ago quarter when it lost $13.2 million, or 11 cents a share, on sales of $110 million.
However, the company said its second-quarter and fiscal 2001 results will fall short of current estimates.
DoubleClick told investors to expect a loss of between 5 cents and 7 cents a share on sales of between $100 million and $105 million in its second quarter.
Analysts were projecting a loss of 2 cents a share on sales of $118.7 million.
For fiscal 2001, company executives are now anticipating a loss of between 18 cents and 22 cents a share on sales of between $425 million and $450 million, well below the First Call consensus estimate calling for a profit of 3 cents a share on sales of $524.4 million.
DoubleClick (Nasdaq: DCLK) shares closed off 61 cents to $12.01 before falling to $10.90 in after-hours trading.
Expedia said Monday that it would report a third quarter net loss of about 37 cents per share after items; but it would report its first quarterly operating profit before items.
Third-quarter earnings before non-cash items are expected to be about $4 million, or 9 cents per basic share, the company said.
Analysts had been expecting Expedia to post a loss between 10 cents and 15 cents per share, with a consensus expectation of a loss of 13 cents per share, according to research firm Thomson Financial/First Call.
The company said its growing merchant business and strong March sales gave it a boost in the third quarter. Expedia acts as a wholesaler for airplane tickets and hotel rooms and sells them directly to consumers at a higher price.
The company also said it expected to report revenue for the quarter of about $110 million, up about 88 percent on the year. Expedia also said it expects to post positive net income before non-cash items for the first time and to report positive cash flow.
The hand-held computer maker will be active Monday after it met analysts' estimates in its third quarter.
In the quarter, Handspring lost $6.7 million, or 6 cents a share, on sales of $123.8 million.
Analysts were projecting a loss of 6 cents a share in the quarter on sales of between $110 million and $120 million.
In the year-ago, Handspring posted a loss of $4.5 million, or 13 cents a share, on sales of $34.3 million.
The stock closed up $2.20 to $14.25 ahead of the earnings report before moving up to $15.02 in after-hours trading.
The developer of technology used to manufacture memory chips figures to slide Monday after missing analysts' estimates in its second quarter.
Rambus posted a profit of $8.2 million, or 8 cents a share, on sales of $31.2 million.
First Call consensus expected Rambus to earn 11 cents a share in the quarter.
In the year-ago quarter, it earned $166,841, or 4 cents a share, on sales of $15.7 million.
"Our second fiscal quarter results show the effect of both declining SDRAM prices and costs associated with the continuing vigorous legal defense of our intellectual property," said Chief Executive Officer Geoff Tate in a prepared release.
Rambus shares closed up $1.29 to $19.53 ahead of the earnings report before falling to $18.25 in after-hours trading.
Reuters contributed to this report.