Buyers were outmuscling sellers in extended-hours trading Monday, countering the negative tone of regular session, which the major indices all finished in the red. Volume, however, was relatively light amid the lack of gripping late-day news.
was soaring 20% to $7.20 on
after posting a second-quarter net loss of $94.1 million, or $1.24 a share, compared with a net loss of $27.8 million, or 44 cents a share, in the year-ago period. Excluding certain charges, the telecom equipment maker earned $1.3 million, or 2 cents a share.
The late players were also reacting to other scattered earnings releases. Shares of
slipped 5.6% to $58.1 on
despite reporting second-quarter earnings that topped analysts' expectations by 2 cents. The content-security firm said earnings came in at $10.4 million, or 20 cents a share, up from last year's 48.3 million, or 16 cents a share. On average, analysts polled by Thomson Financial/First Call expected 18 cents a share for the quarter.
was rising on its latest results, which reflected strong gains in its travel package business. The online travel company beat the Street's fourth-quarter earnings estimate by 5 cents a share, after posting earnings of $15 million, or 25 cents a share, compared with a loss of $13.1 million, or 30 cents a share, in the same period last year. The stock was lately taking off on Island, rising 4.2% to $50.14.
gained 7.7% to $20.40 on Instinet after
posting a loss narrower than last year's and reaffirming its forecast for sequential revenue growth of about 5% in the third and fourth quarters. The B2B online auctioneer -- think industrial parts, raw materials, and services -- also said it expects to break even on an operational basis during the first quarter of 2002.
With the majority of earnings announcements behind them, night traders took a breather to focus on other names.
was lately the most heavily traded stock on Instinet. According to
analysts at Robertson Stephens before the bell made some bearish comments about the company's September quarter. The stock had recently slipped 0.6% to $17.07. Swedish cellphone maker
was drifting down 0.6% to $5.27 on Instinet.
Most blue-chip tech names, including
, were in positive territory tonight.
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.