The Night Watch: Brocade Drops After Earnings Report
Brocade
(BRCD)
was the volume leader in extra-session Instinet trading Wednesday, and investors were sending the company's shares lower after its quarterly earnings report.
After the close of regular trading, Brocade said it met analysts' first-quarter earnings expectation of 5 cents a share on stronger-than-projected sales. The company also said it was comfortable with Wall Street's second-quarter expectations, but the stock was off 4.5% to $33.60 after the close.
Intuit
(INTU) - Get Intuit Inc. Report
was one of the late session's biggest winners, trading up 6% to $39.18, after the finance software maker said it beat analysts' quarterly estimates. The company also raised its guidance for fiscal 2002.
In other action, several widely held tech shares were slightly lower in extended trading, but
Yahoo!
(YHOO)
was ticking up 0.1% to $16.81.
Cisco
(CSCO) - Get Cisco Systems Inc. Report
was lower by 0.2%,
Dell
(DELL) - Get Dell Technologies Inc. Class C Report
TheStreet Recommends
was off 0.1%, and
Intel
(INTC) - Get Intel Corporation Report
was unchanged.
Microsoft
(MSFT) - Get Microsoft Corporation Report
was losing 0.1%, and
Oracle
(ORCL) - Get Oracle Corporation Report
was down 0.3%. The
Nasdaq 100 Unit Trust
(QQQ) - Get Invesco QQQ Trust Report
was slipping 0.1%, and
Sun
(SUNW) - Get Sunworks Inc. Report
was flat.
