was one of the extra session's biggest winners Monday after the company beat Wall Street's fourth-quarter estimates and guided analysts higher for 2002.
After the close, the online broker posted income of 7 cents a share for the last quarter of the year. Analysts were looking for income of 4 cents, according to First Call. The company also said it expects to match the consensus target for the first quarter. Analysts are looking for first-quarter income of 7 cents and full-year earnings of 38 cents. The company's shares were rising 4.1% to $12.70 after hours.
was dropping 2.4% to $9.56 in extended activity, following news that the company will record a charge of $109 million in the fourth quarter. Factoring in the charge, Corning expects a loss of 28 cents to 29 cents a share, but that forecast still excludes another restructuring charge and the amortization of goodwill. Analysts are expecting a loss of 22 cents a share on that basis. Including all items, the fiber-optic cable company expects to lose 69 cents to 70 cents a share for the quarter.
In the first half-hour of late trading on Instinet, around 2 million shares changed hands among the top-20 volume movers.
was among the top volume movers, ticking up 0.7% to $8.42. The company's shares lost 16.4% in regular trading after Lehman Brothers downgraded Nextel to sell from market perform.
was also active on the Instinet platform after the close, inching up 0.1% to $35.17. Staying in the pharmaceutical arena, traders were busy with
, but the stock was flat at $41.10.
was unchanged at $10.77, and
was flat at $34.83.
was off 0.1% to $16.37, and the
Nasdaq 100 Tracking Stock
was level at $39.95.
was also unchanged, at $10.11.
were all creeping higher after the bell.