Dell Slips After Hours on In-Line Earnings Report

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And you thought earnings season was over.

Shares of

Dell

(DELL) - Get Report

dropped by as much as 2 11/16 to 41 3/8 in after-hours trading following the PC maker's first-quarter earnings report, which was in line with the 31-analyst

First Call

outlook for 16 cents a share. Dell earned 11 cents in the year-ago period.

Applied Materials

(AMAT) - Get Report

, meanwhile, lifted as high as 65 1/2 in after-hours trading from a close of 63 1/8. The semiconductor equipment maker posted second-quarter earnings of 36 cents a share, topping the 25-analyst view of 27 cents but falling below the year-ago 37 cents.

And

Lycos

(LCOS)

picked up 2 9/16 to 115 1/2 in late trading after announcing a 2-for-1 stock split and a narrower-than-expected loss for its third quarter. The Internet media network recorded a quarter loss of 2 cents a share before goodwill amortization, a penny narrower than the 19-analyst forecast and narrower than the year-ago loss of 11 cents.

Earlier today, the company said it was acquiring a stake in online auction company

FairMarket

. Lycos will have auctions on its sites in "a matter of months, not quarters," said Vice President Ron Sege.

Chicago Board of Trade

directors voted to pursue a new alliance with Europe's electronic

Eurex

futures exchange just four months after the CBOT defeated a previous plan to link the futures exchanges.

In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

AMC Entertainment

(AEN)

posted a fourth-quarter loss of 82 cents a share, including a 13-cent charge for impairment of long-lived assets. The 12-analyst estimate called for an operating loss of 62 cents vs. the year-ago loss of 25 cents.

Hillenbrand Industries

(HB)

said it sees second-quarter earnings falling about 12 cents a share below the five-analyst forecast for 71 cents due to performance at its

Hill-Rom

health care products unit. The company made 66 cents in the year-earlier period.

Warner-Lambert

(WLA)

said it expects to achieve 30% growth in its 1999 earnings to about $1.92 a share. The 23-analyst view calls for annual earnings of $1.93 vs. the year-ago $1.48.

In other earnings news:

Mergers, acquisitions and joint ventures

Ceridian

(CEN) - Get Report

received notification of early termination of the Hart-Scott-Rodino antitrust waiting period for its $750 million acquisition of

ABR Information Services

(ABRX)

.

Ever-expanding Internet auction site

eBay

(EBAY) - Get Report

said it will acquire

Kruse International

, a collector-automobile vendor, and

Billpoint

, an Internet credit-card payment company. eBay will issue about $275 million in stock to pay for the purchases.

URS

(URS)

said the

Federal Trade Commission

granted it early termination of a waiting period for its planned $300 million buyout of

Dames & Moore

(DM)

.

U.S. Industries

(USI) - Get Report

approved the spinoff of its

USI Diversified

unit, effective at the end of the year.

Miscellany

Dave & Buster's

(DANB)

said its stock will be listed on the

New York Stock Exchange

under the symbol DAB, starting June 4.

MRV Communications

(MRVC)

announced plans to launch a multilingual global technology "megasite" devoted solely to technology news, products and services.

TCI Music

(TUNE)

said its president and CEO, Tom McPartland, resigned.

Staff reporter George Mannes contributed to this story

.