was the volume leader on Instinet and the Island ECN in Wednesday's extended session, after the semiconductor equipment maker posted fourth-quarter earnings that plunged from the year-ago period and came in a penny shy of Wall Street's consensus estimate.
Shares of Applied were down 2.4% at $39.75 on both platforms. Net sales totaled $1.26 billion, down 20% sequentially and off 57% from the same quarter last year. Income, excluding one-time items, came to $22 million, or 3 cents a share, down 97% from the year-ago quarter. Analysts were looking for income of 4 cents. Additionally, the company is restating its results for the first three quarters of fiscal 2001 because of an accounting change.
The company also said that "while these are challenging times for Applied Materials and our customers, we firmly believe that the long-term outlook for the semiconductor industry remains strong."
was also among the volume leaders, but the stock was flat at $24.50.
was gaining 0.3% to $19.94, and
was unchanged at $31.33.
was adding 0.1% to $13.23, and
was inching up 0.1% to $66.04.
Nasdaq 100 Tracking Stock
was unchanged on Instinet at $39.64. On Island, the issue lost 0.1%.
rose 0.3% on Instinet to $14.97.
American Business Financial Services
was one of the extra session's biggest winners, rising 7.3% to $22, but volume was light.
was rising 3.7% to $18 after posting a third-quarter loss of 8 cents a share, a penny ahead of the First Call consensus estimate.
was among the biggest losers, falling 14.2% to $6.21. The company filed its quarterly report with the Securities and Exchange Commission Wednesday.
Overall, volume was fairly convincing, with 2.1 million shares changing hands on Instinet in the first 30 minutes of extended trading.