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The Night Watch: InfoSpace Skyrockets on After-Hours Earnings News

Author:

(Updated from 7:28 p.m. EDT)

Internet infrastructure company

InfoSpace

(INSP) - Get Report

rocketed to the top of tonight's most-active list on

Island

ECN, as a result of a better-than-expected third-quarter earnings report.

Shares of InfoSpace -- which offers content to developing Web sites -- advanced $3.47, or 17.08%, to $23.78 on Island and gained $3.44, or 16.9%, to $23.75 on Instinet, after the company announced a pro forma profit of 3 cents a share, ahead of the

First Call/Thomson Financial

consensus estimate of a break-even result. Third-quarter revenue rose to $58 million from the year-ago $20 million.

About two weeks ago, InfoSpace reported the completion of its $4 billion acquisition of Internet applications and technology provider

Go2Net

(GNET)

, a purchase that has clearly benefited InfoSpace's operations.

In other earnings news,

VeriSign

(VRSN) - Get Report

rose $9.44, or 6.4%, to $156.88 on Island and climbed $9.56, or 6.5%, to $157 on Instinet, on the back of its third-quarter financial results. VeriSign, which provides online security services, posted earnings of 18 cents a share, handily beating Wall Street's target of 6-cent profit and the year-ago 1-cent result.

Ahead of its eagerly anticipated earnings release after the bell tomorrow, shares of

JDS Uniphase

(JDSU)

advanced $1.25, or 1.76%, to $72.25 in postclose action on Island and increased 42 cents, or 0.6%, to $71.42 on Instinet.

During the regular session, the fiber-optics manufacturer plunged $24.06, or 25.31%, to $71, in the wake of

Nortel Networks'

(NT)

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earnings report last night. As investors who've been watching the market know well, Nortel's announcement of slowing sales for the year hammered networking equipment stocks and triggered a broader technology selloff today.

Nortel

(NT)

, the New York Stock Exchange's most active in regular trading today, was also perched atop Instinet's most active list this evening. In twilight action, the stock gained 63 cents, or 1.4%, to $45.50 on Instinet.

SDL

(SDLI)

,

JDS Uniphase's

(JDSU)

acquisition target, dropped $1.19, or 0.51%, to $233 on Island.

Cisco Systems

(CSCO) - Get Report

, which fell 7.74% in sympathy with Nortel by day, recouped some of its losses in the extended trading session. In recent action, Cisco edged up 75 cents, or 1.48%, to $51.38 on Island and improved 63 cents, or 1.2%, to $51.25.

Already up 7.82% during the regular session,

Amazon.com

(AMZN) - Get Report

continued to make positive strides in after-hours activity. The Internet retailer, which reported strong third-quarter results last night, added 37 cents, or 1.15%, to $32.24 on Island.

Software manufacturer

Vignette's

(VIGN)

postclose results gave its stock a lift of 81 cents, or 2.8%, to $30 in nighttime trading on Instinet and a boost of $1.56, or 5.35%, to $30.75 on Island. Tonight, Vignette recorded a penny loss, in line with analysts' estimates and narrower than the year-ago 3-cent loss.

This information is provided by Instinet, a wholly owned subsidiary of Reuters (RTRSY) . For further information, please contact Instinet at www.instinet.com.

Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EDT.

Confused?

TheStreet.com

explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.