The Night Watch: Intel Rises After Raising Outlook
Intel
(INTC) - Get Report
rose 1.6% to $34.71 in Instinet trading after the bell as the company raised its revenue guidance for the fourth quarter.
The chipmaker was the most actively traded issue in the extra session. Intel now expects a top line of $6.7 billion to $6.9 billion for the quarter ending Dec. 29, up from the previous range of $6.2 billion to $6.8 billion. According to First Call, analysts expect the company to earn 10 cents on revenue of $6.59 billion.
Almost 1 million shares of Intel had changed hands on Instinet in the first 45 minutes of late trading. Around 5.7 million shares traded among the top-20 volume movers in that span.
Sanmina
(SANM) - Get Report
shed 0.4% to $24.32 after the company closed its merger with
SCI Systems
. The new company will be called
Sanmina-SCI
.
Citigroup
(C) - Get Report
was inching up 0.1% to $49.66, and
Wells Fargo
(WFC) - Get Report
was tacking on 0.3% at $43.76. The
Nasdaq 100 Tracking Stock
(QQQ) - Get Report
was up 0.6% to $43.18.
Ericsson
(ERICY)
gained 0.7% to $6.10.
Oracle
(ORCL) - Get Report
was unchanged at $15.90, and
Cisco
(CSCO) - Get Report
was ahead by 0.5% to $21.90.
Choice One Communications
(CWON)
was one of the biggest winners of the extended session, trading up 10.3% to $3.85, and chipmaker
Transmeta
(TMTA)
was up 7.5% to $2.73. Also after the close,
US Airways
(U) - Get Report
was gaining 3.8% to $6.80.
