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STOCKS TO WATCH: Expedia, MicroStrategy, Tektronix

Expect the following technology stocks to be among Tuesday's most actively traded issues: Expedia, MicroStrategy and Tektronix.

  • Expedia (Nasdaq: EXPE)

    Expect the online travel agency's shares to jump Tuesday after it posted its first operating profit in company history and raised estimates for the fourth quarter and fiscal 2002.

    In the third quarter, Expedia earned $4.4 million, or 9 cents a share, on sales of $110 million.

    First Call consensus pegged Expedia for a profit of 4 cents a share on sales of $90.3 million.

    Its shares hustled up $2.46, or 10 percent, to a 52-week high of $26.01 ahead of the earnings report before jumping to $28.25 in after-hours trading.

    The $110 million in sales marks an 88 percent improvement from the year-ago quarter when it lost $21.4 million, or 50 cents a share, on sales of $59 million.

    Chief Financial Officer Gregory Stanger told analysts to expect a profit, excluding one-time charges, of between 6 cents and 9 cents a share in the fourth quarter, well above the First Call consensus estimate calling for a loss of 5 cents a share.

    Stanger said sales in fiscal 2002 will improve between 50 percent and 55 percent from fiscal 2001. Earnings for the fiscal year should come in between 30 cents and 40 cents a share, much higher than the current First Call estimate of a profit of 13 cents a share.

  • MicroStrategy (Nasdaq: MSTR)

    MicroStrategy will be active after it topped analysts' reduced estimates in its first quarter, losing $23.7 million, or 29 cents a share, on sales of $20.6 million.

    Analysts were expecting a loss of 33 cents a share in the quarter after the company warned it would post a loss of between 31 cents and 37 cents a share on April 3.

    The company expects second-quarter sales to range from $44 million to $49 million. Pro forma loss per share is expected to range from 15 cents to 19 cents, excluding charges. MicroStrategy also expects to take a $15 million to $25 million restructuring charge.

    Its shares closed up 37 cents to $4.54 ahead of the earnings report.

  • Tektronix (NYSE: TEK)

    The test-equipment maker will be active after warning that its fourth-quarter sales will be lower than expected due to a recent slowdown in customer orders.

    Company executives said it expects sales to be flat compared to the year-ago quarter. The company said it expects to report year-over-year sales growth of between 16 percent and 18 percent for the fiscal year.

    "We are seeing a substantial drop in orders in the last several weeks,'' said CEO Rick Wills in a prepared release.

    Tektronix shares closed up 20 cents to $24.20 ahead of the warning before falling to $24.15 in after-hours trading.