was the volume leader in extended-hours Instinet action after the company posted third-quarter earnings that topped Wall Street's estimates by a penny.
The PC maker's shares were inching down 0.4% to $27.57 in after-hours trading. For the period, which ended Nov. 2, Dell reported income of $429 million, or 16 cents a share, on revenue of $7.5 billion. Analysts were looking for a bottom line of 15 cents with revenue of $7.3 billion, according to First Call.
For the fourth quarter, the company expects industry revenue to decline from the third quarter, with flat product shipments. Dell expects its own fourth-quarter volume to increase roughly 5% sequentially, with revenue up slightly. The company also projected stable profit margins, with earnings for the quarter of 16 cents a share, which would match analysts' expectations.
Overall Instinet action was convincing, with the top 20 volume movers accounting for around 3 million shares traded in the first half-hour of extra activity.
was also on the move, losing 1% to $30.48.
was edging higher by 0.1% to $20.17, and
was slipping 0.2% to $66.
was losing 0.1% to $14.78, and
was up 0.1% at $13.50. The
Nasdaq 100 Tracking Stock
was off 0.1% to $39.44.
Among the winners in the late session,
was up 4.6% to $2.48.
was gaining 2.2% to $20.75.
was one of the big losers, dropping 2.8% to $33. After the close, the company posted quarterly earnings, excluding items, of 37 cents a share, a penny ahead of expectations, but the company offered guidance for the fourth quarter and full year that could come in below consensus estimates.
was off 1.7% at $41.10 after posting a first-quarter loss of 13 cents a share, excluding items, which beat estimates by 2 cents.