Updated from 5:02 p.m. EST
Traders were sending shares of
lower in extended trading Thursday after the company posted its quarterly results.
Microsoft was dropping 2.2% to $68.33 on the Instinet platform after the bell. The software giant
said second-quarter earnings totaled 41 cents a share, including a charge of 8 cents a share. The company also said third-quarter earnings would beat expectations but that revenue growth might fall slightly below par.
Not surprisingly, Micrsoft was the volume leader on Instinet. Other tech issues were also trading lower.
Nasdaq 100 Tracking Stock
was down 1.4% to $39.10, and
, which is reporting earnings Friday, was off 2.2% at $12.10.
was down 2.3% to $19.04, and
was losing 1.7% at $28.47.
was falling 1.3% to $34.08.
was giving up 2.7% to $47.15.
was one of the late session's biggest losers, dropping 7.1% to $63.35 after the company reported third-quarter earnings of 42 cents a share. The company also believes "seasonal impacts" on the March quarter could be a factor. Genesis expects that fourth-quarter revenue will modestly grow from the third quarter.
was down 4.5% to $25.50 after posting a fourth-quarter loss of 2 cents a share. Excluding items, the company earned 23 cents, easily beating Wall Street's estimates. The company also raised its revenue guidance for 2002.
was climbing 6.3% to $25.30 after beating analysts' earnings estimates for the second quarter.