Avaya

(AV)

said the it earned $36 million, or 7 cents a share, for the second quarter ended March 31, down sharply from $125 million, or 27 cents a share, a year ago. Revenue for the quarter was $1.22 billion. According to Thomson First Call, analysts expected earnings of 17 cents a share on revenue of $1.29 billion.

Looking forward, Avaya does not expect to meet its prior fiscal 2005 forecast. It also said its board authorized a share repurchase of up to $500 million over the next two years. The stock was down $1.89, or 17.68%, to $8.80 in after-hours trading.

Borders Group

( BGP) revised sales and earnings guidance for the first quarter. The company said it now expects a loss of 6 cents to 7 cents versus a previous forecast of break-even to earnings of 2 cents a share. Borders also stated that on a quarter-to-date basis same store sales at its superstores have declined by 0.8% and by 3% at Waldenbooks. The stock was unchanged at $25.88.

M&T Bank

(MTB) - Get Report

announced that it has increased its quarterly dividend by 5 cents, or 12.5%, to 45 cents. The higher dividend will be payable June 30 to shareholders of record as of June 1. The stock was unchanged at $102.14.

Cymer Inc.

(CYMI)

said it earned $5.4 million, or 14 cents a share, for the first quarter ended March 31, down from $7.2 million, or 19 cents a share, a year ago. Revenue for the quarter was $84.8 million. Analysts expected earnings of 8 cents a share on revenue of $80.2 million. The stock was up 80 cents, or 3.14%, to $26.28 in after-hours trading.

Juniper Networks

(JNPR) - Get Report

said it earned $75.4 million, or 13 cents a share, for first quarter ended March 31, versus $33.5 million, or 8 cents a share a year ago. Revenue for the quarter was $449.1 million. Excluding certain items, the company earned 16 cents a share. Analysts expected earnings of 15 cents a share on revenue of $440 million. The stock was up 89 cents, or 4.23%, to $22.16 in after-hours trading.

Blyth

(BTH)

said it lowered its 2006 earnings forecast to $2.20 to $2.25 a share, down from its previous outlook of $2.35 to $2.40 a share. The company cited weakness in its North American direct selling markets. The stock was unchanged at $31.43.

Linear Technology

(LLTC)

said it earned $121.6 million, or 39 cents a share, for the third quarter ended April 3, versus $85.5 million, or 27 cents a share a year ago. Revenue for the quarter was $290.7 million. Analysts expected profits of 32 cents a share on revenue of $250.6 million, according to Thomson First Call. The stock was down 56 cents, or 1.47%, to $37.56 in after-hours trading.