Tech continued to Outperform, Amazon Leads (AMZN, EXPE, SYNA, CLWR, MCRL, WDC, CRAY, ANGI)

Tech continued to Outperform, Amazon Leads (AMZN, EXPE, SYNA, CLWR, MCRL, WDC, CRAY, ANGI)

Tech Stocks continued to outperform on Friday on robust earnings from Amazon.com, Inc.(NASDAQ:AMZN) and Amazon.com, Inc.(NASDAQ:AMZN). However, Zynga Inc (NASDAQ:ZNGA) shares slid after reporting losses in the latest quarter.

Amazon.com, Inc. (NASDAQ:AMZN) shares soared 15.29% to $225.96 after the company late Thursday reported Q1 revenue and profit, well above consensus, however the company provided  alight revenue guidance for the current quarter, but forecasted profit  is above estimates.

Expedia Inc (NASDAQ:EXPE) shares jumped 27% after the company posted a much higher-than-anticipated first quarter adjusted profit and revenue.

The company reported net loss of $3.3 million, or 2 cents a share, reversing a year ago profit of $52 million, or 37 cents a share. On an adjusted basis, the company would have earned 26 cents a share, ahead of analysts’ estimates by 9 cents.

Synaptics Incorporated (NASDAQ:SYNA) plunged 5.88% to $31.23 after the Company posted third quarter results. Total revenues were $131.71 million compared to $142.41 million in the prior year quarter period. Adjusted net income was $17.86 million or $0.51 per share compared to $19.49 million or $0.55 per share in the prior year quarter. The Company expects revenue for the fourth quarter to be in the range of $133 million to $140 million.

Clearwire Corporation (NASDAQ:CLWR) slipped 2.04% t o$1.45 after the Company declared first quarter results. Revenue was $322.6 million compared to $236.8 million in the previous year period. Analysts expected revenue of $314.56 million.

Micrel Incorporated (NASDAQ:MCRL) went up 0.48% to $10.36 after the Company announced first quarter results. Revenues increased 4% to  $61.2 million.  The increase in revenues was driven by overall demand from customers in most geographies and end markets. Net income was $5.4 million or $0.09 per diluted share compared to net income of $9.1 million or $0.14 per diluted share in the same period in 2011.

Western Digital Corp (NYSE:WDC) decreased 11.93% to $38.84. The Company posted third quarter profit of $483 million or $1.96 per share compared to $146 million or 62 cents per share in the prior year period. Revenue rose 35% to $3.04 billion. The Company expected fourth quarter adjusted earnings of $2.35 per share to $2.55 per share on revenue of $4.2 billion to $4.4 billion. Analysts forecasted earnings of $2.34 per share on revenue of $4.18 billion.

Cray Inc (NASDAQ:CRAY) jumped up 20.45% to $10.72 after the Company released first quarter results.  Revenue was $112.3 million compared to $39.9 million in the prior year period. Net income was $5.0 million or $0.13 per share compared to a net loss of $1.5 million or ($0.04) per share in the first quarter of 2011. Total gross profit margin was 40% compared to 43% in the first quarter of 2011. The Company expects 2012 revenue to be in the range of $430-$450 million.

Angie’s List Inc (NASDAQ:ANGI) went up 1.73% to $14.12. The Company reported first quarter loss of $13.5 million compared to loss of $9.6 million. EPS was 24 cents per share compared to 34 cents per share. However, analysts recently projected a loss of 26 cents. Revenue soared 76% to $31.1 million.