Tuesday's Late Winners & Losers - TheStreet

Tuesday's Late Winners & Losers

Yahoo! slumps on guidance.
Publish date:


(INTC) - Get Report

was among a host of stocks trading lower after-hours Tuesday.

The Santa Clara, Calif., chipmaker posted a 44% increase in

second-quarter profits but delivered disappointing profit margins. Intel traded down 4.9% to $25.05. Fellow chipmaker


(AMD) - Get Report

also traded lower, down 2.2% at $15.50.



fell 4.1% to $26.40 after the Internet company met analysts' second-quarter earnings expectation but

guided lower for third-quarter and full-year revenue.

Bear Stearns


got hit hard after the bell too, with the investment firm sinking 3.6% to $134.88. Why? Its two funds that nearly collapsed under the weight of subprime-mortgage exposure are

now reportedly worth less than 10 cents on the dollar.

El Paso


fell after hours on news it has received a Wells notice from the

Securities and Exchange Commission

, which has been investigating the company's 2003 natural gas and oil reserves revisions. The notice implies that the SEC staff conducting the investigation has made a preliminary decision to recommend to the SEC that the regulatory agency institute an enforcement action against El Paso. The stock traded down 2.8% to $17.

On the winning side however was

Champion Enterprises


, which posted earnings of $7.5 million, or 10 cents a share. Analysts were looking for 6 cents a share. Shares of the factory-built house maker ended the session up 6% higher but continued climbing after hours, moving 5% higher to $10.68.

Also moving higher after hours on earnings news was insurer


(RLI) - Get Report

, which posted second-quarter earnings of $49.9 million, or $2.04 a share, compared to $22.9 million, or 89 cents a share, last year. Operating earnings rose to $1.64 a share from 73 cents. Analysts were looking for $1.04 a share, according to the Thomson First Call consensus estimate. RLI shares climbed 4% to $58.99 after hours.