In this report: Digital River (NASDAQ:DRIV), Nanometrics (NASDAQ:NANO) and Whirlpool Corp. (NYSE:WHR).
Digital River (NASDAQ:DRIV) is trading over 17 percent lower today despite the company reporting fourth quarter financials that beat Wall Street expectations. For the three month period Digital river reported a net income of $5.5 million, or 15 cents per share, down from last year $.9 million, or 15 cents per share. Adjusted earnings where 32 cent per share, beating analyst expectations of 13 cents per share. Revenue for the period totaled $95.4 million, 12.3 percent higher than last year and ahead of Wall Street estimates of $94 million. The stock tumbled after the company predicted fourth quarter earnings of 32-35 cents per share on revenue of $103-$105 million, below Wall Street’s prediction of 39 cents per share earnings on $107.6 million in revenue.
Nanometrics (NASDAQ:NANO) has lost more than 17 percent of is share value today after disappointing in its third quarter. The chip-test gear maker reported earnings per share of 32 cents per share in the third quarter, missing Wall Street expectations of 33 cents per share. Revenue totaled $58.3 million during the period, matching analyst expectations. For the fourth quarter Nanometrics expects earnings per share of 1-7 cents on revenue of $40-$44 million, well short of the 36 cents per share earnings on $60.7 million revenue that Wall Street predicted.
Whirlpool Corp. (NYSE:WHR) sank more than 10 percent during morning trading after it lowered its 2011 earnings outlook on Friday. The company company says that it now expects to see earnings of $4.75 to $5.25 per share for the full year, down from its previous guidance of $7.25 to $8.25 per share. The company then went on to state that it will cut more than 5,000 jobs in order to cut costs by $400 million by the end of 2013. The revised outlook came after the company reported its third quarter financials. In the third quarter Whirlpool Corp. seen net income of $177 million, or $2.27 a share, up from $79 million, or $1.02 per share last year. Adjusted earnings totaled $2.35 per share. Revenue totaled $4.63 billion, up from $4.52 billion last year. Analysts on average had expected adjusted earnings of $2.75 per share on revenue of $4.73 billion.
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