Mindspeed (MSPD) reported second quarter loss of $0.02 per share, $0.02 better than the Capital IQ consensus of ($0.04), while revenues rose 1.7% year/year to $35.4 million versus the $35.26 million consensus. Co issues in-line guidance for Q3, sees Q3 revs of approximately $35.4 million vs. $35.33 million Capital IQ Consensus Estimate. Mindspeed forecasts total net product revenue in the fiscal third quarter of 2013 to be approximately flat versus the fiscal second quarter of 2013. The company expects fiscal third quarter of 2013 non-GAAP gross margin to be approximately 60 percent and anticipates non-GAAP operating expenses to be approximately $21.5 million in the fiscal third quarter of 2013. Goodwill Impairment: In the fiscal second quarter of 2013, Mindspeed performed a review of its goodwill, long-lived assets and indefinite-lived assets to determine if any of these assets were impaired. As a result of this review, Mindspeed currently estimates that it will record an impairment charge of $33.5 million in the fiscal second quarter of 2013 related to its wireless infrastructure reporting unit. Mindspeed expects the impairment testing to be complete prior to filing its Form 10-Q for the fiscal second quarter of 2013.

Cray (CRAY) reported first quarter loss of $0.23 per share, excluding non-recurring items, $0.01 better than the Capital IQ consensus of ($0.24), while revenues fell 29.2% year/year to $79.5 million vs the $70.33 million consensus. Co issues downside guidance for Q2, sees Q2 revs of "roughly $80 million" vs. $87.50 million Capital IQ Consensus Estimate. Co issues in-line guidance for FY13, sees FY13 revs of "approximately $500 million" vs. $498.17 million Capital IQ Consensus Estimate.

Sourcefire (FIRE) reported first quarter earnings of $0.11 per share, excluding non-recurring items, $0.01 worse than the Capital IQ consensus of $0.12, while revenues rose 21.4% year/year to $56.2 million vs the $57.38 million consensus. Revenue Increased U.S. commercial revenue to $29.2 million, up 40% over 1Q12. Increased international revenue to $20.7 million, up 32% over 1Q12. U.S. federal sector revenue of $6.2 million, compared to $9.8 million in 1Q12. "Our threat-centric approach to cybersecurity that allows defenders to address the full attack continuum is in high demand, and we believe we are extremely well positioned to capitalize on the growth opportunity in front of us. Despite weakness in federal government spending, our total revenue increased 21% driven by ongoing strong performance from our International and U.S. Commercial businesses." The company issues guidance for the second quarter with EPS of $0.13-0.16, excluding non-recurring items, vs. $0.19 Capital IQ Consensus Estimate with revenues of $60.5-63.5 million vs. $63.30 million Capital IQ Consensus Estimate.

Bankrate (RATE) reported first quarter earnings of $0.12 per share, excluding non-recurring items, $0.03 better than the Capital IQ consensus of $0.09, while revenues fell 13.3% year/year to $108.4 million vs the $102.37 million consensus. "Our banking and credit card verticals grew nicely, both showing double-digit growth over the same period last year." The company reaffirmed guidance for fiscal year 2013 with revenues flat year over year at approximately $457.16 million vs. $452.19 million Capital IQ consensus. "Consistent with the guidance that was provided in February, Bankrate expects revenue for the first half of 2013 to show a year-over-year decrease of 10% to 20% and the second half of the year to show an overall revenue increase of 10% to 20%. For the full year 2013, the Company expects revenue to be relatively flat compared to 2012 with an Adjusted EBITDA margin in the low to mid 20% range."

United Online (UNTD) reported first quarter earnings of $0.16 per share, in-line with the Capital IQ consensus of $0.16; while revenues rose 2.1% year/year to $247.4 million vs the $243.42 million consensus. The company issued downside guidance for the second quarter with revenues of $222-230 million versus the $232.92 million Capital IQ Consensus Estimate. Co sees adjusted OIBDA for $27.5-32.5 million. "Today, FTD Companies, Inc. filed an initial registration statement on Form 10 with the SEC in connection with United Online's previously announced plan to spin off the FTD business," said Mark R. Goldston, Chairman, President and Chief Executive Officer. "We continue to be on track to complete FTD's tax-free spin off as an independent, publicly-traded company by the end of the third quarter of 2013. Today, I also am announcing that I will be leaving the company at the completion of the FTD spin off...After the spin off, Rob Apatoff, the current FTD President, will become President and CEO of FTD Companies. In connection with the spin off of FTD, the United Online Board of Directors will conduct a search for a new CEO of United Online."