The hard-hit Internet consulting sector was the focus of investor attention after the closing bell. And even as the news from the group was far from cheery, the stocks managed to retrace some of their daytime losses.
gained 2.9% to $12.60 on
ECN, despite the news that it would post a loss in the second quarter. The stock lost 5.9% in the regular session.
After the close of regular trading, the consulting firm said that it expects to lose between 4 and 6 cents a share in the second quarter, compared to analysts' predictions that the company would break even. Sapient also said that its revenue could be as much as 28% less than the year-ago period.
Similarly, beleaguered consulting firm
recouped 13.9% to $1.39 in extended trading on Island, after the company posted a slightly narrower-than-expected loss for the first quarter. Razorfish announced its chief executive and founder, Jeff Dachis, was stepping down; in regular trading, the stock finished off 24.2%.
In other news,
American Power Conversion
, a supplier of power products, reported earnings that dropped 42% from year-ago levels. But the company managed to beat analyst expectations for the quarter. On Instinet, American Power traded up 4.7% to $15.70.
And among other movers on the night watch, shares of large cap technology stocks extended their losses. On Island,
lost 1.4% to $21.28,
fell 0.1% to $18.65, and
decreased 0.1% to $24.90.
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.