QLogic

(QLGC)

said it earned $46.2 million, or 49 cents a share, for the fourth quarter ended April 3, compared with $32.9 million, or 34 cents a share a year ago. Revenue for the quarter was $157.2 million. Excluding certain items, the company earned $46.7 million, or 50 cents a share. Analysts expected profits of 47 cents a share on revenue of $154.8 million, according to Thomson First Call. The stock was up 89 cents, or 2.61%, to $34.99.

ValueClick

(VCLK)

said it earned $8.7 million, or 10 cents a share, for the first quarter ended March 31, down from $13.4 million, or 16 cents a share, a year ago. Revenue for the quarter was $51.4 million. Analysts expected earnings of 8 cents a share on revenue of $49 million, according to Thomson First Call. The company also raised its 2005 revenue guidance to a range of $218 million to $223 million from its previous forecast of $215 million to $220 million. The stock was up 26 cents, or 2.44%, to $10.90 in after-hours trading.

Goodyear Tire and Rubber

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(GT) - Get Report

said it earned $68 million, or 35 cents a share, for the first quarter ended March 31, compared with a loss of $78 million, or 45 cents a share, a year ago. Revenue for the quarter was up 11% to $4.8 billion from $4.3 million a year ago. The company said net income was driven by stronger operating income in all of the company's tire business. The stock was up 27 cents, or 2.08%, to $13.25 in after-hours trading.

Leggett & Platt

(LEG) - Get Report

announced it was raising its quarterly dividend 14.3% to 16 cents. The dividend will be payable on July 15 to shareholders of record as of June 15. The stock was unchanged at $27.51.

IBM

(IBM) - Get Report

announced it will cut 10,000 to 13,000 jobs, mostly in Europe. The company said it expects to take a pre-tax charge against earnings of $1.3 billion to $1.7 billion, with the earnings benefits from the layoffs showing up in the second half of the year. The stock was up 80 cents, or 1.04%, to $77.88 in after-hours trading.