Tech Stocks Movers (GRMN, SSYS, TTWO, CODE, WBMD)

Garmin Ltd (NASDAQ:GRMN) soared 1.09% to $39.03 after the Company released second quarter results. Profit was $185.9 million or 95 cents per share compared to profit of $109.5 million or 56 cents per share in the prior year period. Revenue rose 6.5% to $718.2 million, beating the Street’s estimate of $686 million. The Company results benefited from a 24% increase in outdoor segment revenue and an 8% rise in automotive/mobile sales. Marine sales slumped 14% to $68 million. The Company is now projecting 2012 non-GAAP EPS of $2.70 to $2.85.

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Stratasys Inc (NASDAQ:SSYS) jumped up 1.74% to $62.35. The Company reported second quarter EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter was $49.4 million versus the consensus estimate of $46.4 million. The Company expects EPS of $1.31-$1.38 for fiscal year 2012.

The Company announced that Stratasys and HP have agreed to terminate their manufacturing and distribution agreement for 3D printers. This will be effective at the end of 2012. Stratasys does not expect the termination of its agreement with HP to have a material impact on its financial results for the current year and intends to work closely with HP to ensure a smooth transition for customers.

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Take-Two Interactive Software Inc (NASDAQ:TTWO) declined 6.85% to $8.19. The Company posted first quarter EPS of ($1.16), beating the analyst estimate of ($0.59). Revenue for the quarter was $226.1 million versus the consensus estimate of $257.77 million. The Company expects second quarter 2013 EPS to be in the range $-0.30-$-0.15.

Spansion Inc (NYSE:CODE) soared 5.76% to $10.85. The Company reported second quarter net sales of $233.4 million, gross margin of 31.7%, operating income of $37.8 million, net income of $26.0 million and diluted EPS of $0.43.

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WebMD Health Corp (NASDAQ:WBMD) went up 0.34% to $14.66 after the Company released second quarter results. Revenue was $112.7 million compared to $141.4 million in the prior year period. Net loss was $(5.6) million or $(0.11) per diluted share compared to net income of $21.6 million or $0.36 per diluted share in the prior year period. The Company holds $964 million in cash and cash equivalents and $800 million in aggregate principal amount of convertible notes outstanding.