Earnings Roundup: 6 Top Tech Stocks to Analyze After Earnings

Top Dow (NYSE:DIA) and S&P 500 (NYSE:SPY) stocks announced earnings this week. Here’s your Cheat Sheet to their announcements and business outlooks:

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Dell Inc. (NASDAQ:DELL) reported net income above Wall Street’s expectations for the second quarter. Net income for the personal computer company rose to $890 million (48 cents per share) vs. $545 million (28 cents per share) in the same quarter a year earlier. This marks a rise of 63.3% from the year earlier quarter. Rose 0.8% to $15.66 billion from the year earlier quarter. DELL reported adjusted net income of 54 cents per share. By that measure, the company beat the mean estimate of 48 cents per share. Analysts were expecting revenue of $15.76 billion.

Michael Dell, chairman and chief executive officer: “We continue to see great momentum in the high-growth areas of our business, which is a direct reflection of the discipline and strong execution our global Dell team is applying to help solve real-world challenges for our customers. We’re creating efficiency across every step of the IT value chain and ultimately enabling all customers-from home users to large businesses and government organizations-to achieve the outcomes that matter most to them.”

Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Apple Inc. (NASDAQ:AAPL), Silicon Graphics Intl. Corp (NASDAQ:SGI), Super Micro Computer, Inc. (NASDAQ:SMCI), Intl. Business Machines Corp. (NYSE:IBM), Cray Inc. (NASDAQ:CRAY), EMC Corporation (NYSE:EMC), Microsoft Corporation (NASDAQ:MSFT), and Intel Corporation (NASDAQ:INTC).

Analog Devices Inc. (NYSE:ADI) reported its results for the third quarter. Net income for the semiconductor company rose to $219.9 million (71 cents per share) vs. $199.5 million (65 cents per share) in the same quarter a year earlier. This marks a rise of 10.2% from the year earlier quarter. Rose 5.2% to $757.9 million from the year earlier quarter. ADI fell short of the mean analyst estimate of 73 cents per share. It fell short of the average revenue estimate of $780.6 million.

“After an unusually robust second quarter in which our revenue grew by 9% sequentially, revenue in the third quarter declined by 4% on a sequential basis while increasing 5% year-over-year,” said Jerald G. Fishman, President and CEO. “Nevertheless, most end markets remained relatively stable during the third quarter and we believe that most of the revenue shortfall was the result of supply chain recalibration, not a change in underlying demand.”

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), National Semicond. Corp. (NYSE:NSM), Intersil Corporation (NASDAQ:ISIL), Linear Technology Corp. (NASDAQ:LLTC), Maxim Integrated Products Inc. (NASDAQ:MXIM), ON Semiconductor Corp. (NASDAQ:ONNN), Silicon Laboratories (NASDAQ:SLAB), Cirrus Logic, Inc. (NASDAQ:CRUS), Broadcom Corporation (NASDAQ:BRCM), and Micrel, Incorporated (NASDAQ:MCRL).

Sina Corporation (NASDAQ:SINA) in the second quarter as profit dropped from a year earlier. Net income for Sina Corporation fell to $10 million (15 cents per share) vs. $25.2 million (38 cents per share) a year earlier. This is a decline of 60.5% from the year earlier quarter. Revenue rose 19.7% to $119 million from the year earlier quarter. SINA reported adjusted net income of 20 cents per share. By that measure, the company beat the mean estimate of 18 cents per share. It beat the average revenue estimate of $114.7 million.

“SINA’s brand advertising business was robust in the second quarter, despite growing on top of a large base, in part benefiting from the elevation of SINA’s media brand as the popularity of Weibo.com spread in China,” said Charles Chao, CEO of SINA, “Launched less than two years ago, Weibo.com has become an online phenomenon with registered accounts recently surpassing 200 million.”

Competitors to Watch: Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), NetEase.com, Inc. (NASDAQ:NTES), Youku.com Inc (NYSE:YOKU), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), Rediff.com India Ltd. (NASDAQ:REDF), and AOL, Inc. (NYSE:AOL).

Netease.com, Inc. (NASDAQ:NTES) reported net income above Wall Street’s expectations for the second quarter.Net income for Netease.com, Inc. rose to $119.5 million (91 cents per share) vs. $71.6 million (55 cents per share) in the same quarter a year earlier. This marks a rise of 66.9% from the year earlier quarter.Revenue rose 39% to $268.2 million from the year earlier quarter. NTES beat the mean analyst estimate of 78 cents per share. It beat the average revenue estimate of $246.2 million.

William Ding, Chief Executive Officer and Director of NetEase, stated, “For the second quarter of 2011, we delivered strong quarter-over-quarter and year-over-year growth across our online games and advertising services. Second quarter online games revenue increased 13.9% quarter-over-quarter driven by our newly launched self-developed game, Ghost, as well as continued demand for Fantasy Westward Journey and World of Warcraft, a game licensed from Blizzard Entertainment. Online games revenue increased by 33.6% year-over-year, mainly as a result of the growth in our self-developed games, including Fantasy Westward Journey, Ghost, Westward Journey Online II, Tianxia II and Heroes of Tang Dynasty, along with continued revenue growth from World of Warcraft.”

Competitors to Watch: Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), SINA Corporation (NASDAQ:SINA), Giant Interactive Group Inc (NYSE:GA), Perfect World Co., Ltd. (NASDAQ:PWRD), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), The9 Limited (NASDAQ:NCTY), Shanda Games Limited (NASDAQ:GAME), and China Telecom Corp. Ltd. (NYSE:CHA).

JDS Uniphase Corporation (NASDAQ:JDSU) reported net income above Wall Street’s expectations for the fourth quarter.Net income for the communication equipment company rose to $9.3 million (4 cents per share) vs. $1.5 million (one cent per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter.Revenue rose 20.7% to $471.8 million from the year earlier quarter. JDSU reported adjusted net income of 23 cents per share. By that measure, the company beat the mean estimate of 18 cents per share. Analysts were expecting revenue of $466.4 million.

“JDSU delivered solid fiscal fourth quarter and full year financial results.Revenue for the year grew over 32% and operating profits more than doubled,” said Tom Waechter, JDSU’s President and Chief Executive Officer.”Currently we are seeing macro-economic challenges and inventory corrections which we believe will be short-term in nature as the end market drivers remain strong.”

Competitors to Watch: EXFO Electro-Optical Engineering (NASDAQ:EXFO), Finisar Corporation (NASDAQ:FNSR), Ixia (NASDAQ:XXIA), Oclaro, Inc. (NASDAQ:OCLR), Tollgrade Communications, Inc. (NASDAQ:TLGD), Oplink Communications, Inc (NASDAQ:OPLK), Ciena Corporation (NASDAQ:CIEN), Agilent Technologies Inc. (NYSE:A), and RiT Technologies Ltd. (NASDAQ:RITT).

NetApp, Inc. (NASDAQ:NTAP) as the data storage devices company saw profit fall in the first quarter. Net income for the data storage devices company fell to $139.5 million (34 cents per share) vs. $150.7 million (40 cents per share) a year earlier. This is a decline of 7.4% from the year earlier quarter. Revenue rose 26% to $1.46 billion from the year earlier quarter. NTAP reported adjusted net income of 55 cents per share. By that measure, the company beat the mean estimate of 45 cents per share. It fell short of the average revenue estimate of $1.51 billion.

“Despite the challenging macroeconomic environment modestly impacting our revenue growth, NetApp still produced earnings per share slightly above the midpoint of our targeted range.The company achieved record levels of FAS6000 systems sales, near record numbers of new enterprise customer wins, and our new E-series sales exceeded our forecast,” said Tom Georgens, president and CEO.”Our gross margin performance demonstrates the strength of our competitive position in the market, helping us to achieve healthy operating results and earnings per share.”

Competitors to Watch: EMC Corporation (NYSE:EMC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), Quantum Corporation (NYSE:QTM), ADPT Corporation (ADPT), Xyratex Ltd. (NASDAQ:XRTX), Seagate Technology PLC (NASDAQ:STX), Western Digital Corp. (NYSE:WDC), Brocade Communications Systems, Inc. (NASDAQ:BRCD), and Intl. Business Machines Corp. (NYSE:IBM).

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