Updated from 5:21 p.m. EST
Investors weren't in a forgiving mood after the close Thursday, and many of the companies releasing news were punished as sellers took control. But, as always, there were a few bright spots, including positive guidance from a member of the
Dow Jones Industrial Average.
( CLKS), already a small stock, got a lot smaller in extra-session Instinet trading. Shares of the educational software maker were dropping 34.5% to $2.75 following the close after the company said its first-quarter loss would be wider than previously expected because a licensing deal was canceled.
was in similarly dire straits, plunging 21.1% to $16.14 after saying it will post a third-quarter operating loss.
, another warner, fell 13.6% to $6.90. The company now believes its first-quarter loss will be much wider than analysts are expecting.
Not every company was taking down guidance, and
Minnesota Mining & Manufacturing
, the Dow component, said its first-quarter earnings should be at the high end or above its previous expectations, sending the stock up 2.5% to $117.02.
The company also set plans to change its name to
, the shorthand by which it is already better known. In doing so, the company becomes one of the few American corporations willing to adopt a reasonable new corporate name, rather than opting for a troublesome Latin-sounding handle.
Moving sharply to the upside was
, which raised its guidance for the first quarter and full year. The stock was up 11.6% to $31.70.
Overall, trading was a little on the light side. In the first hour of Instinet extended trading, around 2.5 million shares changed hands among the top-20 volume movers.
was ticking down 0.1% to $23.85 after saying same-store sales rose 7% in March. The company also reiterated its 2002 earnings target.
Among other active stocks,
was off 0.3%.
was down 0.4%, and
was inching up 0.1%.
was slipping 0.1%.
Nasdaq 100 Unit Trust
was off 0.1%, and
was lower by 1.9%.
was ahead by 0.4%, and
was up 0.1%.