Updated from 5:18 p.m. EST

Investors were bidding up shares of

Walt Disney

(DIS) - Get Report

in extra trading Thursday after the owner of theme parks and television networks posted strong

first-quarter financial results.

Shares of Disney were recently up 5.7% to $22.25, making the stock the top percentage gainer in after-hours trading on Instinet. Disney was also among the top volume movers.

Adobe

(ADBE) - Get Report

was gaining 5.3% to $35.50 after the company reiterated the first-quarter guidance it originally offered in December. At the time, the forecast put Adobe's results below expectations, but news that the company still expects earnings of 20 cents to 22 cents a share with revenue of $265 million to $280 million gave investors all the reason they needed to send the shares higher.

Barnes & Noble.com

( BNBN), meanwhile, was getting hammered. The shares were dropping 17.2% to $2.02. After the close, the company said it lost 20 cents a share in the fourth quarter, beating the consensus estimate by a penny.

For the first quarter, the company expects to lose 14 cents to 16 cents a share, and for 2002, Barnes & Noble.com projected a loss of 52 cents to 58 cents a share. First Call doesn't carry estimates for any period of the company's fiscal year 2002.

Columbia Sportswear

(COLM) - Get Report

was giving back 7.1% to $28.60 after the company warned of slowing sales and earnings in 2002. The forecast overshadowed a strong fourth quarter, in which the company earned 61 cents a share, exceeding estimates by 13 cents. Revenue for the quarter rose 32.4% from a year ago to $214.3 million.

Once again, widely held tech shares were taking up plenty of slots on the volume leader's board.

Cisco

(CSCO) - Get Report

TST Recommends

was off 0.1% to $19.79, and the

Nasdaq 100 Tracking Stock

(QQQ) - Get Report

was up 0.1% to $38.56.

WorldCom

( WCOM) was ticking up 0.2% to $10.07, and

BEA Systems

( BEAS) was lower by 0.1% to $18.11.

Amazon.com

(AMZN) - Get Report

was flat at $14.19, while

Microsoft

(MSFT) - Get Report

was up 0.1% to $63.77.

Emulex

( EMLX) was gaining 1.1% to $46.50, and

Intel

(INTC) - Get Report

was down 0.2% to $34.98.