Updated from 4:53 p.m. EST
Widely held tech shares dominated trading in the extra session Tuesday, with chip giant
leading the way.
After the close of regular trading, Intel posted fourth-quarter earnings, excluding items, of 15 cents a share, topping estimates by 4 cents. Including all costs, the company earned 7 cents a share, down from 32 cents in the year-ago quarter. Revenue fell to $6.98 billion from $8.70 billion.
Shares of Intel, the volume leader on the Instinet platform in extended trading, were off 2.1% to $33.95. The company projected first-quarter revenue of $6.4 billion to $7 billion. According to First Call, analysts expect a top line of $6.53 billion. The chipmaker also said it expects capital spending to total $5.5 billion in 2002, down from $7.3 billion last year.
Chip-equipment makers were sinking after the bell.
was down 7.4% to $42.25, and
was dropping 6.3% to $39.64.
was losing 6% to $52, and
was off 6.8% at $23.60.
Nasdaq 100 Tracking Stock
was also active, shedding 1.8% to $39.60.
RF Micro Devices
was down 4.4% after the company met Wall Street's third-quarter estimates but offered guidance that would fall short of the consensus view for the fiscal fourth quarter. The company earned 2 cents a share in the latest quarter, matching estimates, but projected earnings of only a penny a share next quarter. Analysts are looking for earnings of 4 cents in the fourth quarter.
was losing 4.9% to $60.90 following the company's announcement that
sales and profits for the first half of the year would meet analysts' targets. But the company didn't offer guidance for the full year, which had been expected. For its fourth quarter, eBay earned 14 cents a share on revenue of $219.4 million, while analysts expected earnings of 13 cents on revenue of $211.8 million.
slid 2.6% to $17.50 after the company met lowered
fourth-quarter earnings expectations Tuesday, posting pro forma profits of 5 cents a share on revenue of $152 million.
Traders were also busy selling other tech heavyweights.
was down 1.3%, while
were all giving up ground.