) -- Shares of


(AMZN) - Get Report

saw heavy selling in Tuesday's extended session after the company

came in a dime short of Wall Street's profit expectations for its fiscal third quarter and gave a soft outlook


The stock was last quoted $203.11, down nearly 11%, on after-hours volume of 4.4 million, according to

. The shares have actually recovered a good bit, bouncing off a low of $184.59.

Amazon's margin shrinkage seems to have finally caught up to it. The company has been spending like crazy, expanding to offer customers cloud-based media storage and streaming as well as its popular Kindle e-readers. In mid-September, Amazon unveiled its tablet offering, the Kindle Fire, which will retail for $199, a price point that is generally believed to be below the company's cost.

For the fourth quarter ending in December, Amazon forecast between an operating loss of $200 million and a profit of $250 million with sales seen ranging from $16.45 billion to $18.65 billion. The current consensus view is for sales of $18.15 billion in the December-ending period, and a profit of 85 cents a share, which is based on a net income estimate of around $394 million.


Chip maker



fell victim to its outlook late Tuesday as Wall Street quickly moved past an above-consensus third quarter to focus on

weakness in the company's fourth-quarter guidance


The stock was last quoted at $33.45, off 5.5%, on volume of nearly 900,000, according to

. The sell side was very bullish on Broadcom ahead of the report with 32 of the 43 analysts covering the shares at either strong buy (15) or buy (17), and the 12-month median price target sitting at $45.

Broadcom said it expects revenue of $1.7 billion to $1.8 billion for the December-ending quarter with both GAAP and non-GAAP product gross margins seen as flat to slightly down on a sequential basis.

Panera Bread

Shares of

Panera Bread


rose sharply in late trades after the St. Louis-based restaurant operator beat analyst projections for its fiscal third quarter and gave a strong forecast for fiscal 2012.

With company-owned comparable bakery-cafe sales rising 6%, Panera posted a profit of $29 million, or 97 cents a share, for the three months ended Sept. 30 as revenue rose 22% year-over-year to $453.1 million.

That performance topped the average estimate of analysts polled by

Thomson Reuters

for earnings of 94 cents a share in the quarter on revenue of $447 million.

Panera also said it now expects earnings of $4.63 to $4.65 a share for fiscal 2011, a boost of prior projections, and that it sees fiscal 2012 earnings coming in between $5.38 and $5.48 a share, above the current consensus view of $5.29 a share.

The stock leapt 10% to $127 in late trades on volume of more than 150,000.

Other stocks active in Tuesday's after-hours session included


(IBM) - Get Report

, which was down marginally after announcing that CEO Sam Palmisano is

leaving that post at the end of the year


F5 Networks

(FFIV) - Get Report

, which was up more than 7% after the networking gear maker reported

strong quarterly results and a solid outlook


Questcor Pharmaceuticals


, which gained more than 12% after the company reported third-quarter earnings of 35 cents a share, handily beating the average analysts' view of 26 cents a share; and

Human Genome Sciences


, which was down more than 13% after the company reported a wider-than-expected quarterly loss.


Written by Michael Baron in New York.

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Michael Baron


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