was among the winners in a sparse after-hours session Thursday, as the clothing retailer issued positive fiscal second-quarter results.
Non-GAAP income totaled 21 cents a share, or
2 cents higher than Thomson Financial's estimates. The San Francisco-based company also upped its full-year forecast to an in-line range of between 90 cents and 95 cents a share. Gap also said it will buy back another $1.5 billion of its shares, having just completed last year's $750 million authorization. Shares were up 30 cents, or 1.7%, to $17.70.
Brocade Communications Systems
, a San Jose, Calif.-based maker of data-storage-networking devices, ticked up after
topping the fiscal third-quarter consensus by a penny a share. The company reported earnings of $49.5 million, or 12 cents a share, excluding items. That's also a penny a share higher than last year. Shares added 3 cents to $6.99.
On the flip side,
swung to a fiscal second-quarter loss of a dime a share. The Bermuda-based semiconductor concern also posted non-GAAP profits of 6 cents a share, which squared with the mean target. Shares recently were giving up $1.37 a share to $16.48, following a modest rise immediately after the bell.
saw erratic, light postclose trading after the mall-based teen-apparel retailer predicted earnings below estimates. The company expected earnings between 43 cents and 45 cents a share for the fiscal third quarter. Analysts expect 47 cents a share. In the second quarter, the New York-based company edged out income expectations by a penny a share and came in a hair under the sales consensus. Shares were lately retreating 3.1% at $22.40.
Pacific Sunwear of California
, another teen-apparel retailer, swung to a fiscal second-quarter loss of $10.5 million, or 15 cents a share. Excluding one-off items, income came to $4.8 million, or 7 cents a share, to meet the average Street estimate. Shares were off a penny at $13.95.