With the tech sector's earnings deluge having slowed to a trickle, other industries -- specifically, the health sector -- had room to make some waves in after-hours trading on Monday.
One such name was
Wright Medical Group
, which gained 5.5% to $24.91 after posting first-quarter earnings of $3.2 million, or 9 cents a share -- 2 cents higher per share than last year and flush with Wall Street estimates, according to Thomson Financial. The Arlington, Tenn., maker of orthopedic medical devices also reported better-than-expected sales and lifted the top and bottom lines of its 2007 outlook.
Cincinnati-based hospice-care outfit
said adjusted income surged 58.7% year over year to 73 cents a share. The company -- which also operates a plumbing unit, Roto-Rooter -- jumped $3.70, or 7.4%, to $54.
Among health stocks on the downswing after hours was
. The Stewartville, Minn., maker of urinary-continence products slid 11.7% to $20.71 after hours despite swinging to a fiscal second-quarter profit of 8 cents a share, compared with a 2-cent per-share loss last year.
sank 8.5% to $15.97 after
retracting prior guidance
for the first half of fiscal 2008 due to "substantially below-plan sales" and forecasting a fiscal first-quarter pretax loss from continuing operations of $80 million to $90 million.
And over in the tech sector,
forecast second-quarter per-share income of 33 cents to 40 cents in a conference call -- at least 3 cents below the Street's average projection. The Santa Clara, Calif., maker of disk-sputtering equipment slumped 8% to $22.37.