headed higher in Thursday's extended session after posting a narrower-than-forecast loss for the third quarter.
The company, which makes software that enables manufacturers to share their purchasing and inventory data with suppliers over the Web, said its adjusted third-quarter loss, excluding amortization, charges and other items, was $7.6 million, or 11 cents a share, compared with adjusted net income of $3.7 million, or 6 cents a share last year. The company previously told analysts its third-quarter loss would be in line with the second-quarter's loss of 16 cents a share.
Revenues fell to $68.7 million from $70 million in the year-ago quarter. Manugistics lately gained 9.2% to $17.29 on Instinet.
gained 0.1% to $26.95, while
was up 0.4% to $41.90.
Investors weren't restrained by the relative lack of news in the after-hours session. Many tech majors on the most-actives list were inching higher, as investors dug around for bargains after the regular session's selloff.
Among them were
, whose earnings warning shook Wall Street today.
The maker of network equipment said Thursday it expects to earn a pro forma 5 cents a share on revenues of $150 million to $155 million in the fourth quarter; analysts had been expecting earnings of 10 cents on revenues in the $200 million range. The company's shares, which tumbled 17.7% to close at $18.88, recently climbed 0.6% to $18.96 on Instinet.
, trodden today along with Juniper, was one of the most actively traded stocks tonight. It was up 1.1% to $19.50, from its close of $18.29.
Other tech favorites like
Contract electronics manufacturer
was the most actively traded issue on Instinet, with 465,000 shares changing hands by 5 p.m., although the price was flat. Rival
said this morning that quarterly earnings fell more than 80%, and warned it expects a slower rebound in its business.
, the handheld computer maker, slipped 4.1% to $3.3 on Island a day after it posted a loss on a 44% drop in revenues, but said it plans to launch a range of new products in 2002.
Meanwhile, bandwidth merchant
Level Three Communications
lost 0.2% to $5.06.