Shares of media giant
AOL Time Warner
were off 3.1% to $31.50 after the company issued a profit warning, blaming a weak advertising market and the effects of the terrorist attacks of Sept. 11. The company expects earnings to be below expectations, although full-year 2001 EBITDA growth will be about 20% and revenue growth 5% to 7%.
Volume on Instinet was a little above average, as 4.6 million shares changed hands in the first 40 minutes. Among the top 20 volume movers, 2.45 million shares traded.
said its Si5020 multirate CDR solution was chosen by Ciena for use in an optical transport systems. Shares of Silicon were off 3.5%, to $15.60. Ciena was up 0.4% at 11.43.
was off 2.1%, to $6.10. The company was downgraded by Merrill Lynch to near-term neutral. It ended the regular session up 22.2%.
, the online retailer, was the No. 3 volume mover, after dropping slightly in the regular session. Shares were down an additional 0.3%, to $7.44 in the after-hours.
And the usual tech names were also on the charts.
was the top volume mover on Instinet and was off 0.5%. Intel, No. 4 on the chart, was up 0.8%, followed by
, which gained 0.1%.
Island ECN offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EST.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.