Tech stocks dominated the news after the close Thursday, as
ranked among the most heavily traded winners.
The Redwood City, Calif.-based application software company said fiscal first-quarter earnings shot up 22.2% to 22 cents a share, or $1.2 million, excluding items. That's
a penny over Thomson Financial's per-share estimates. The firm also brought in $4.59 billion in non-GAAP revenue to top the $4.34 billion mean target. Shares gained substantially before pulling back to an 8-cent gain at $21.12.
One of the biggest after-hours price gainers was
( OPTM), a maker of optical subsystems for telecom and cable TV networks. Shares leapt 13.6%, after the Horsham, Pa.-based company projected fiscal first-quarter revenue of $34 million to $35 million, or at least $5 million above Wall Street's expectations. Despite also swinging to a wider-than-expected fourth-quarter loss, shares were up 98 cents to $8.20.
soaring profit of $1.12 a share in the quarter ended Aug. 31, including a one-time 20-cent tax benefit. A year ago the Beaverton, Ore. company made 74 cents a share; analysts were seeking 87 cents a share before the tax gain. Revenue, at $4.66 billion, was better than expected. Shares were adding 38 cents, or 0.7%, to $58.70.
On the flip side, secure networking company
( COMS) widened its fiscal first-quarter GAAP-based loss to a nickel a share, a penny worse than last year. Excluding one-off items, the Marlborough Mass. company had a 3-cent profit that reversed a year-ago loss and beat Street expectations by a penny. Still, shares were off 4% to $3.59.
Elsewhere in the red,
( TEK) sank 7.7% on soft guidance. The Oregon-based company forecast fiscal second-quarter income of between 38 cents and 42 cents a share on revenue of around $270 to $280 million. Analysts see earnings of 45 cents a share and revenue of $294.9 million. Shares of the company, which makes test products for a number of industries, were losing $2.49 to $29.81.