The Night Watch: Applied Materials Hugs Flatline After Earnings
Updated from 4:56 p.m. EST
Applied Materials
(AMAT) - Get Applied Materials Inc. Report
was bouncing around the flatline in extra-session Instinet trading Tuesday after the chip equipment maker
posted quarterly earnings that came in ahead of analysts' expectations.
The stock, the volume leader after the close, recently traded up 0.2% to $44.81. In the first part of the late session, the stock was losing ground.
KLA-Tencor
(KLAC) - Get KLA Corporation Report
, another chip capital gear outfit, was lower by 1.2% to $56.70.
In the first 45 minutes of late trading, around 2.5 million shares changed hands among the top-20 volume leaders. Applied Materials accounted for about 20% of that volume.
Overture Services
(OVER)
was up 1.6% to $28.10 after the company topped the consensus estimate. Earlier in the day, Overture said it expanded an agreement with MSN. In addition, Goldman Sachs upgraded the company's stock. During regular trading, Overture gained 27%.
Network Appliance
(NTAP) - Get NetApp Inc. Report
was trading higher by 1.5% to $16.70 on its earnings news. The
TheStreet Recommends
company matched expectations for the third quarter and said that fourth-quarter earnings will be flat with the recently completed quarter.
Widely held technology issues were, as usual, active in late trading.
Intel
(INTC) - Get Intel Corporation Report
was down 0.4% to $32.84, and the
Nasdaq 100 Unit Trust
(QQQ) - Get Invesco QQQ Trust Report
was inching up 0.1% at $36.35.
Microsoft
(MSFT) - Get Microsoft Corporation Report
was off 0.3% to $60.30, and
Broadcom
undefined
was losing 0.6% at $39.60.
Elsewhere,
Cisco
(CSCO) - Get Cisco Systems Inc. Report
was off 0.5%,
Oracle
(ORCL) - Get Oracle Corporation Report
was down 0.1%, and
Sun
(SUNW) - Get Sunworks Inc. Report
was losing 0.2%.
