Updated from 5:33 p.m. EDT
American Business Financial Services
was one of the biggest losers in the late session, dropping 2.1% to $14, after the company lowered itsearnings guidance for the fiscal year. The company is now expecting income of $2.40 to $2.60 a share, compared with a previous forecast of $2.80 to $3.10 a share.
said it expects to earn 32 cents a share in thethird quarter, matching the consensus estimate. The company also saidsame-store sales started to pick up after the terrorist attacks lastweek. Investors in the extended session pushed Wet Seal up 3.9% to $15.75 and made the stock one of the biggestgainers on Instinet.
Some of the big losers included
, which lost 13.8%on light volume, and
, which shed 8.7% to $12.92.
was the top volume mover on both Island ECN and Instinet,but was off only slightly on both. The stock lost 0.3% to $18.10 on Instinet anddropped 0.6% on Island. The company gained 10.9% during the regularsession.
Volume was heavy, with 6.8 million shares changing hands in the firsthour of the extended session on Instinet. However, there wasn't much changeamong the most active as none of the stocks moved more than 1% either way.
, the second most active stock, was off 0.8%, followed by
, which lost 0.1%.
lost 0.5%, and
, which dropped 8.4% in the regular session, remainedunchanged.
, also a big loser in Nasdaq trading onThursday, lost an additional 0.4% in the after-hours.
Island ECN offers trading, mainly in Nasdaq-listed stocks,from 7 a.m. to 8 p.m. EST.
explains how the rules change whenthe sun goes down in Investing Basics: NightOwl, a section devoted to after-hours trading.