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MAKO Surgical Slumps On Lackluster Outlook (RAX, MAKO, EA, PCLN)

Rackspace Hosting, Inc.(NYSE:RAX) shares slumped 11.11% to $51.38 as the company reported a lower than estimated first-quarter profit. The company posted net income of $23.2 million, or 17 cents per share, up from a year ago profit of $13.8 million, or 10 cents per share, matching analysts’ estimates of 17 cents a share. Revenue rose to $301.4 million from $230 million in the prior year period. Analysts were expecting $300.2 million, according to FactSet.

The company said that its number of servers and customers rose from the end of last year. Its server count increased 3 percent from the fourth quarter of last year to 82,438. The number of customers rose 5 percent to 180,866 in that time. But the company must still compete to keep customers in a rapidly changing industry, CEO Lanham Napier said in a statement.

MAKO Surgical Corp.(NASDAQ:MAKO) is one of the biggest losers and plunged 35% to $26.92 after the company reported a much lower than estimated first-quarter revenue and lackluster outlook. The company reported a net loss of $11.7 million, or 28 cents share, from $11 million, or 27 cents per share, a year earlier. Quarterly revenue rose 51 percent to $19.6 million. However, analysts had expected a loss of 20 cents a share, on revenue of $23.7 million, according to Thomson Reuters I/B/E/S.For 2012, the orthopedic device maker backed its forecast of 11,000 to 13,000 MAKOplasty procedures -- a procedure for total hip arthroplasty and partial knee resurfacing.Mako now expects to sell 52 to 58 RIO systems -- a robotic-arm interactive system used for minimally invasive knee procedures -- during the year. It had previously forecast sales of 56 to 62 RIO systems.

Electronic Arts Inc. (NASDAQ:EA) stock plunged 4.50% to $14.44 after the company provided its future outlook.
The company reported fourth quarter net income of $400 million or $1.20 per share, as compared to $151 million or $0.45 per share for the year-ago quarter. Adjusted net income was $56 million or $0.17 per share. Net revenue for the fourth quarter rose 26% to $1.37 billion. Analysts expected the company to earn $0.16 per share on revenue estimate of $958.54 million for the fourth quarter.
Looking forward, the company expects first quarter net revenue of about $950 million, adjusted net revenue of about $500 million, earnings of $0.40 to $0.48 per share and adjusted net loss of $0.45 to $0.40 per share. Analysts currently expect the company to report a loss of $0.33 per share on revenue of $577.91 million for the first quarter.
Priceline.com Inc(NASDAQ:PCLN) shares are correction over 3% with the broader market. The stock has lost over 6% over the past one week. The company is scheduled to report its first-quarter 2012 results tomorrow May 9, after the markets close. Analysts are estimating the company to report $3.94 on revenue of $1.0 billion, compared to a year ago profit of $2.66 per share and $809.3 million in sales.