Tech Sector News Bundle: NOK, AAPL, ALTR, MLNX

Los Angelas, CA -- (SBWIRE) -- 01/24/2013 -- Nokia Corporation (ADR) (NYSE:NOK) stock declined 10.13% to $4.17 after the company posted its quarterly earnings results today. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $10.55 billion.

How Should Investors React To NOK Now? Find Out Here

Apple Inc. (NASDAQ:AAPL) is the focal point of the day, as the shares are poised to drop close to 10% this morning and possibly drag the entire tech sector down with them. Last night, the iPad maker reported first-quarter net income of $13.81 per share, down 6 cents from the previous year. Revenue rose 18% to $54.51 billion. Results were mixed in terms of analysts' estimates, which had called for per-share earnings of $13.47 on $54.73 billion in revenue.

Will AAPL Extend Rally In The Coming Week? Find Out Here

Altera Corporation (NASDAQ:ALTR) have major declaration, as its shares dropped more than 6% in aftermarket trading after it posted a poorer than anticipated decrease in profit and revenue. The company generated $121M in the Q4, dropped 18% from approximately $147M a year before. Analysts polled by FactSet anticipated earnings of 39 cents a share.

What Are ALTR’s Charts Signaling For Traders? Find Out Here

Mellanox Technologies, Ltd. (NASDAQ:MLNX) reported Q4 EPS of $0.69, $0.04 better than the analyst estimate of $0.65. Revenue for the quarter came in at $122.1 million versus the consensus estimate of $120 million. Sees Q1 revs of $78 million to $83 million, with the consensus at $130.7 million.

Is MLNX a Solid Investment at These Levels? Find Out Here

DISCLAIMER:
Neither HotPennyStockNews.com nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by HotPennyStockNews.com, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation. HotPennyStockNews.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through HotPennyStockNews.com. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein..

Contact:
hotpennystocknews.com
info@hotpennystocknews.com