5 Top Tech Earnings Reports You Must Review

First Solar Inc. (NASDAQ:FSLR) Thursday reported disappointing results for the first three months of 2012, spurring a sell-off that has continued into pre-market trading today. Net sales were $497 million for the period — down $163 million from the last quarter of 2011, and $70 million year-over-year – as prices throughout the industry continued to plummet. Taking restructuring costs into account, First Solar saw a net loss of $449 million or $5.20 per fully diluted share. Cash and marketable securities were $750 million, down from $788 million at the end of the fourth quarter of 2011.

Limelight Networks, Inc. (NASDAQ:LLNW) reported its results for the first quarter. Loss widened to $10 million (10 cents per diluted share) from $9.8 million (loss of 9 cents per share) in the same quarter a year earlier. Revenue rose 7% to $44.3 million from the year-earlier quarter. Limelight Networks, Inc. reported adjusted net loss of 5 cents a share. By that measure, it beat the mean analyst estimate of a loss of 9 cents per share. Analysts were expecting revenue of $44.4 million.

LinkedIn Corporation (NYSE:LNKD) reported net income above Wall Street’s expectations for the first quarter. Net income for LinkedIn Corporation rose to $5 million (4 cents per share) vs. $2.1 million (0 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year-earlier quarter.  Revenue rose more than twofold to $188.5 million from the year-earlier quarter. LinkedIn Corporation reported adjusted net income of 15 cents per share. By that measure, the company beat the mean estimate of 2 cents per share.

Rovi Corporation (NASDAQ:ROVI) swung to a loss in the first quarter, missing analysts’ forecast. Reported a loss of $4.6 million (4 cents per diluted share) in the quarter. Rovi Corporation had a net income of $17 million or 15 cents per share in the year-earlier quarter. Revenue rose 14.6% to $175 million from the year-earlier quarter. Rovi Corporation fell short of the mean analyst estimate of 43 cents per share. Analysts were expecting revenue of $177.4 million.

Digital River Inc. (NASDAQ:DRIV) posted lower net income in the first quarter compared with a year-earlier period. Net income for Digital River Inc.  fell to $4.7 million (14 cents per share) vs. $7 million (18 cents per share) a year earlier. This is a decline of 32.5% from the year-earlier quarter. Revenue rose 4.3% to $102.4 million from the year-earlier quarter. Digital River Inc.  reported adjusted net income of 30 cents per share. By that measure, the company beat the mean estimate of 19 cents per share. It beat the average revenue estimate of $100.2 million.