In what turned out to be a very mild session, the big news in the after-hours market was
post-market announcement that earnings and revenue for its first quarter will meet analyst expectations.
The company, whose quarter ended on Friday, said it will post revenues of $8 billion and EPS of 17 cents a share for the first quarter of the current fiscal year. It will announce its final numbers for the quarter on May 17, along with a full quarterly report and comments on upcoming quarters. The
Thomson Financial/First Call
consensus estimate for Dell's earnings is currently 17 cents a share.
In the wake of the positive report, the stock jumped to the number one position on
most actively traded list, climbing 2.9% to $26.66. Dell was lately the third most-actively traded issue on Island, where it was also up 2.9%.
The rest of the after-hours market was a mild sea of green, with the usual tech names pushing ever so slightly into positive territory after the
closed down by 18 points in the regular session.
gained 0.5% to $19.34 on Instinet and was up 0.3% to $19.31 on Island trading.
each traded relatively flat, Intel gaining 18 cents to $31.34 and Sun down five cents to $19.50 on Instinet.
announced Friday that it would appeal a U.S. court decision to dismiss the claims it filed against
( IFX), alleging patent infringement. The stock fell 7.5% in regular trading today, but clawed its way back up 18 cents to $13.60 on Instinet after-hours trading. The stock rose a lesser 14 cents on Island.
Otherwise, very light volume on Island after-hours trading was dominated by several penny stocks, each trading near the top of the most actives list.
( RTHM), a communications company, posted massive 150% gains during the day today, which really only translate to an increase in share price from 20 cents to 50 cents. The stock climbed another 26%, or 13 cents, in the after-hours.
( RTHM), another communications company, slid into the number two spot on Island's most active list, posting gains of 86.7%, to 56 cents a share.
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 offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EST.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.