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Earnings roundup: Faro, Palomar Medical

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May 1, 2008

Among the earnings stories for Thursday, May 1, from AP Financial News:

LAKE MARY, Fla. (AP) -- Shares of Faro Technologies Inc. sank Thursday after the company reported an increase in its first-quarter profit and revenue, but the results missed estimates of the two analysts polled by Thomson Financial.

NEW YORK (AP) -- Shares of Palomar Medical Technologies Inc. sank to a four-year low Thursday after the light-based cosmetic treatment systems maker posted a first-quarter loss due to weak sales.

NEW YORK (AP) -- Shares of Ultimate Software rose Thursday after the provider of human resources and payroll software reported first-quarter income slightly below analyst estimates, but a key performance metric topped expectations.

NEW YORK (AP) -- Shares of Callidus Software Inc. jumped in afternoon trading after the sales software maker posted an adjusted first-quarter loss much lower than Wall Street had expected.

REDMOND, Wash. (AP) -- Shares of Concur Technologies Inc., which makes corporate expense-management software, soared Thursday after the company said its fiscal second-quarter profit rose on higher sales.

NEW YORK (AP) -- Shares of Rightnow Technologies Inc. gained sharply on Thursday after the customer support software maker said its first-quarter loss narrowed sharply, beating Wall Street estimates.

NEW YORK (AP) -- Shares of InfoSpace Inc. sank Thursday after the online search engine operator said its first-quarter loss widened as a large impairment charge and increased operating expenses overshadowed revenue growth.

MINNEAPOLIS (AP) -- Online education company Capella Education Co. said Thursday its first-quarter profit rose 43 percent, just above Wall Street's estimates, as enrollment grew.

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