The Nasdaq finished the first week of 2005 still looking for its first gain, but Accentureand DoubleClickbucked the downtrend on strong earnings news.
Accenture gained almost 5% after the company reported quarterly earnings of 32 cents a share, a penny ahead of estimates. Revenues rose 14% to $4.07 billion, well above forecasts.
Shares of DoubleClick jumped 8% after the company said it expects fourth-quarter earnings of 7-8 cents a share, more than double the 3 cents analysts were expecting. Revenues of $81-82 million also exceeded expectations. The company cited strong sales in its ad management, search, affiliate and email businesses.
The rest of the market finished slightly lower Friday on a government report that showed that job and wage growth in December were weaker than expected.
The Nasdaq lost 1 to 2088, the S&P 500 slipped 1 to 1186, and the Dow lost 18 to 10,603. Volume declined to 1.48 billion shares on the NYSE, and was unchanged at 2.2 billion on the Nasdaq. Decliners led 19-14 on the NYSE, and 18-11 on the Nasdaq. Downside volume was 63% on the NYSE, and 49% on the Nasdaq. New highs-new lows were 58-14 on the NYSE, and 54-26 on the Nasdaq.
UTStarcomplunged 20% on a warning.
Brocadefell 7.5% after the company said it will restate past results to include additional stock-based compensation.
ScanSourceand SimpleTechrose after raising guidance.
TiVosank 14% on competition from DirecTV.