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Just a few Tech companies reporting. These are the biggest ones offering the most liquid markets to profit from. If you own these names or you're looking to buy before the release you may want to think about protecting from the downside through options in case of a miss. Just as important, if you are considering writing options due to the "unusual" premium, know that the price may have a very fast and far move after each company reports. I am including some of the key numbers that I believe should be looked at before investing into earnings.

SINA Corporation (USA) (SINA) is a $1.4 billion market cap company that trades an average of 5.85 million shares per day. On average, analysts are expecting $0.18 per share, a drop of $-0.07 in earnings per share compared with last quarter's results of $0.25. The company was founded in 1997 and is headquartered in Shanghai, China. I have written several articles about Chinese companies that are listed in the U.S. You can read some of them in the following links:

Sina Is Overbought vs. Competitors
The Great Transparency Wall of China Part I
China Short Syndrome: Are Other Names At Risk? Part I

Time Released: Before Open
Industry: Computer Services
Recent Price: $101.66
52 Week High: $147.12
52 Week Low: $40.50
Book Value: $21.43

Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $402.62 million for 2010 vs. $358.57 million for 2009. The bottom line has falling earnings year-over-year of $-19.09 million for 2010 vs. $411.90 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $96.24 million for 2010 vs. $37.20 million for 2009.

Gross revenue is growing at an annual rate of 89.15%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 95.86M $ 95.53M $ -0.33M -0.34%
Dec-10 $ 104.54M $ 105.04M $ 0.50M 0.48%
Sep-10 $ 103.99M $ 103.56M $ -0.43M -0.41%
Jun-10 $ 93.79M $ 94.73M $ 0.94M 1%
Mar-10 $ 80.03M $ 80.32M $ 0.29M 0.36%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.26 0.25 -0.01 -3.85%
Dec-10 0.45 0.46 0.01 2.22%
Sep-10 0.44 0.5 0.06 13.64%
Jun-10 0.34 0.42 0.08 23.53%
Mar-10 0.28 0.34 0.06 21.43%

(Some onetime items are often excluded in reported EPS)

Microchip Technology Inc. (MCHP) is a $1.4 billion market cap company that trades an average of 4.1 million shares per day.
Time Released: About a half hour after close
Industry: Semiconductors
Recent Price: $32.80
52 Week High: $41.50
52 Week Low: $27.46
Book Value: $9.56

Analysts are expecting a drop of $0.08 in earnings per share compared with last quarter's results of $0.59. The company was founded in 1989 and is based in Chandler, Arizona. Microchip Technology reported (basic) $0.55 per share in earnings for the quarter ending March 31, 2011. Next quarter estimated mean earnings are $0.50 per share. Analyst estimates range from $0.48 to $0.51 per share.

Revenue year-over-year has increased from $1.49 billion for 2010 vs. $947.73 million for 2009. The bottom line has rising earnings year-over-year of $418.95 million for 2010 vs. $217.01 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $474.18 million for 2010 vs. $244.96 million for 2009.

Gross revenue is growing at an annual rate of 56.92%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 373.67M $ 379.98M $ 6.31M 1.69%
Dec-10 $ 361.82M $ 367.82M $ 6.00M 1.66%
Sep-10 $ 341.94M $ 382.27M $ 40.33M 11.79%
Jun-10 $ 318.58M $ 302.40M $ -16.18M -5.08%
Mar-10 $ 269.80M $ 278.02M $ 8.22M 3.05%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.57 0.59 0.02 3.51%
Dec-10 0.56 0.58 0.02 3.57%
Sep-10 0.58 0.63 0.05 8.62%
Jun-10 0.51 0.55 0.04 7.84%
Mar-10 0.37 0.41 0.04 10.81%

(Some onetime items are often excluded in reported EPS)

Powerwave Technologies, Inc. (PWAV) is a $365.41 million market cap company that trades an average of 3.59 million shares per day.
Time Released: Right after closing bell
Industry: Communications Equipment
Recent Price: $2.08
52 Week High: $4.87
52 Week Low: $1.54
Book Value: $0.35

Analysts are expecting an improvement of $0.02 in earnings per share compared with last quarter's results of $0.04. The company was founded in 1985 and is based in Santa Ana, California. Powerwave reported (basic) $0.04 per share in earnings for the quarter ending April 3, 2011. Next quarter estimated mean earnings are $0.06 per share. Analyst estimates range from $0.05 to $0.06 per share.
The P/E ratio has been discounted, as the current trailing twelve months (ttm) P/E ratio is 30, while the forward P/E ratio is now 7.5. It will be interesting to see if pricing is currently at a discount, or if the market has been correct to price in lower growth expectations.

Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $591.46 million for 2010 vs. $567.49 million for 2009. The bottom line has rising earnings year-over-year of $3.71 million for 2010 vs. $-5.67 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $26.82 million for 2010 vs. $-1.88 million for 2009.

Gross revenue is growing at an annual rate of 4.22%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 151.55M $ 136.62M $ -14.93M -9.85%
Dec-10 $ 179.46M $ 175.59M $ -3.87M -2.16%
Sep-10 $ 158.41M $ 156.81M $ -1.60M -1.01%
Jun-10 $ 146.72M $ 144.58M $ -2.14M -1.46%
Mar-10 $ 134.26M $ 114.47M $ -19.79M -14.74%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.03 -0.01 -0.04 NA%
Dec-10 0.08 0.06 -0.02 -25%
Sep-10 0.04 0.06 0.02 50%
Jun-10 0.01 0.02 0.01 100%
Mar-10 0.00 -0.05 -0.05 NA%

(Some onetime items are often excluded in reported EPS)

Pitney Bowes Inc. (PBI) is a $365.41 million market cap company that trades an average of 2.67 million shares per day. Analysts are expecting an improvement of $0.51 in earnings per share compared with last quarter's results of $0. The company was founded in 1920 and headquartered in Stamford, Connecticut.
Time Released: After Close
Industry: Office Equipment
Recent Price: $20.63
52 Week High: $26.36
52 Week Low: $19.06
Book Value: $-0.12

Next quarter estimated mean earnings are $0.51 per share, with estimates ranging between $0.50 and $0.53 per share.
The P/E ratio has been recently discounted, as the current trailing twelve months (ttm) P/E ratio is 13.48, while the forward P/E ratio is now 9.38. It will be interesting to see if pricing is currently at a discount, or if the market has been correct to price in lower growth expectations. I hope it improves (I know someone who works at the company).

Revenue year-over-year has decreased from $5.43 billion for 2010 vs. $5.57 billion for 2009. The bottom line has falling earnings year-over-year of $292.38 million for 2010 vs. $423.45 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $647.61 million for 2010 vs. $799.50 million for 2009.

Annually, revenue is growing at a rate of -2.58%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 1.36 b $ 1.32B $ -32.16M -2.37%
Dec-10 $ 1.43 b $ 1.43B $ 0.74M 0.05%
Sep-10 $ 1.31 b $ 1.35B $ 34.94M 2.67%
Jun-10 $ 1.37 b $ 1.30B $ -67.80M -4.97%
Mar-10 $ 1.38 b $ 1.35B $ -35.13M -2.54%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.53 0.53 0 0.00%
Dec-10 0.61 0.66 0.05 8.2%
Sep-10 0.52 0.55 0.03 5.77%
Jun-10 0.57 0.48 -0.09 -15.79%
Mar-10 0.54 0.55 0.01 1.85%

(Some onetime items are often excluded in reported EPS)

Teradata Corporation (TDC) is a $365.41 million market cap company that trades an average of 2.04 million shares per day. The company was founded in 1979 and is headquartered in Dayton, Ohio.
Time Released: Before Open, with conference call before open as well
Industry: Computer Services
Recent Price: $53.76
52 Week High: $62.71
52 Week Low: $29.12
Book Value: $7.55

Next quarter estimated mean earnings are $0.52 per share. Analyst estimates range from $0.51 to $0.52 per share.
The P/E ratio has been discounted, as the current trailing twelve months (ttm) P/E ratio is 30.55, while the forward P/E ratio is now 22.12. It appears based on the lower PE that investors are pricing in less growth.

For the same fiscal period year-over-year, revenue has improved from $1.94 billion for 2010 vs. $1.71 billion for 2009. The bottom line has rising earnings year-over-year of $301.00 million for 2010 vs. $254.00 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $415.00 million for 2010 vs. $338.00 million for 2009.

Annually, revenue is growing at a rate of 13.28%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 490.19M $ 506.00M $ 15.81M 3.23%
Dec-10 $ 531.53M $ 548.00M $ 16.47M 3.1%
Sep-10 $ 464.16M $ 489.00M $ 24.84M 5.35%
Jun-10 $ 462.00M $ 470.00M $ 8.00M 1.73%
Mar-10 $ 403.36M $ 429.00M $ 25.64M 6.36%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.46 0.48 0.02 4.35%
Dec-10 0.50 0.53 0.03 6%
Sep-10 0.39 0.44 0.05 12.82%
Jun-10 0.40 0.44 0.04 10%
Mar-10 0.30 0.39 0.09 30%

(Some onetime items are often excluded in reported EPS)

A123 Systems, Inc. (AONE) is a $365.41 million market cap company that trades an average of 1.72 million shares per day.The company was founded in 2001 and is headquartered in Watertown, Massachusetts.
Time Released: After Close
Industry: Electronic Instr. & Controls
Recent Price: $4.55
52 Week High: $11.53
52 Week Low: $4.49
Book Value: $3.30

Revenue reported was $97.31 million for 2010 vs. $91.05 million for 2009. The bottom line has falling earnings year-over-year of $-152.56 million for 2010 vs. $-85.82 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $-149.39 million for 2010 vs. $-85.44 million for 2009. It would appear that investors are really hoping for a blow out quarter to get the stock moving higher.

Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 18.16M $ 18.10M $ -0.06M -0.33%
Dec-10 $ 26.44M $ 24.02M $ -2.42M -9.15%
Sep-10 $ 25.91M $ 26.22M $ 0.31M 1.2%
Jun-10 $ 25.43M $ 22.61M $ -2.82M -11.09%
Mar-10 $ 24.38M $ 24.47M $ 0.09M 0.37%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 -0.46 -0.51 -0.05 NA%
Dec-10 -0.37 -0.43 -0.06 NA%
Sep-10 -0.30 -0.42 -0.12 NA%
Jun-10 -0.27 -0.33 -0.06 NA%
Mar-10 -0.22 -0.28 -0.06 NA%

(Some onetime items are often excluded in reported EPS)

Rackspace Hosting, Inc. (RAX) is a $365.41 million market cap company that trades an average of 1.61 million shares per day. The company was founded in 1998 and is headquartered in San Antonio, Texas.
Time Released: After Close
Industry: Computer Services
Recent Price: $39.01
52 Week High: $46.49
52 Week Low: $18.08
Book Value: $3.70

Next quarter estimated mean earnings are $0.12 per share. Analyst estimates range from $0.11 to $0.15 per share.
The P/E ratio has been under pressure, as the current trailing twelve months (ttm) P/E ratio is 102.66, while the forward P/E ratio is now 51.33. A surprise beat could really move this stock higher. Not including the recent beat down that the whole market has been subjected to, the chart looks really strong, almost too strong. The apparent high PE ratio would have me looking for some type of hedging going into earnings.

Revenue year-over-year has increased from $780.56 million for 2010 vs. $628.99 million for 2009. The bottom line has rising earnings year-over-year of $46.36 million for 2010 vs. $30.22 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $79.60 million for 2010 vs. $55.24 million for 2009.

Revenue growth is at an annual rate of 24.1%.


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 226.26M $ 230.00M $ 3.74M 1.65%
Dec-10 $ 210.04M $ 214.73M $ 4.69M 2.23%
Sep-10 $ 197.54M $ 199.71M $ 2.17M 1.1%
Jun-10 $ 186.75M $ 187.31M $ 0.56M 0.3%
Mar-10 $ 177.64M $ 178.80M $ 1.16M 0.65%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.11 0.1 -0.01 -9.09%
Dec-10 0.10 0.1 0 0.00%
Sep-10 0.09 0.09 0 0.00%
Jun-10 0.08 0.08 0 0.00%
Mar-10 0.07 0.07 0 0.00%

(Some onetime items are often excluded in reported EPS)

Disclosure: I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest. I also often include some that are not "confirmed" but are "Proposed" for the same day. The numbers are only as good as the sources. Many of the ADRs that are relatively new provide a special challenge that can be very time consuming to figure out the "best" number. Chinese ADRs that are new seem to be especially prone to conflicts with Reuters, EDGAR Online, and other sources. Not everyone puts companies into the same sector. I use Reuters as my primary guide to keep it consistent.

Source: Technology Companies Reporting Earnings Thursday