The Night Watch: Yahoo! Climbs After Earnings Report - TheStreet

Tech stocks with earnings and outlooks were leading the way in extended trading Wednesday, and

Apple

(AAPL) - Get Report

,

Compaq

(CPQ)

and

Yahoo!

(YHOO)

all traded higher.

Yahoo! was up 4.7% to $18.71 after posting a

stronger-than-expected fourth-quarter earnings and revenue. The company also offered a 2002 financial forecast that's mostly in line with analysts' estimates. However, Yahoo! also said its president and operating chief, Jeff Mallett, will step down in April. Mallett has been with the company since its first days.

Compaq was climbing 2.1% to $11.40. After the regular session closed, the PC maker reported fourth-quarter earnings of 6 cents a share, excluding a charge. Including the item, the company earned 5 cents. According to First Call, analysts were expecting a profit of a penny a share. Revenue came in better than expected at $8.5 billion.

The company forecast first-quarter earnings of a penny a share on revenue of $7.6 billion. Analysts expect Compaq to break even, with a top line of $7.3 billion.

Apple matched Wall Street's estimates with earnings of 11 cents a share in the fiscal first quarter, and the stock traded up 3.2% at $21.45 in the after-hours session. Revenue totaled $1.38 billion. For the next quarter, Apple expects earnings to approximate the first quarter, while revenue should come in at around $1.5 billion.

Other widely held tech stocks were active, but mostly unchanged, from their

4 p.m. EST closing levels.

Intel

(INTC) - Get Report

,

VeriSign

(VRSN) - Get Report

,

Cisco

(CSCO) - Get Report

and

Sun

(SUNW) - Get Report

were all flat.

Kmart

(KM)

, which

spiraled lower again in regular trading, was unchanged at $1.60.

The

Nasdaq 100 Tracking Stock

(QQQ) - Get Report

was ticking up 0.7% to $39.05.