) -- Shares of

Smith Micro Software

(SMSI) - Get Smith Micro Software, Inc. Report

slumped in late trades on Tuesday after the company posted a wider than anticipated loss for its fiscal second quarter and gave a weak revenue outlook.

The Aliso Viejo, Calif.-based developer of mobile connectivity and communications applications reported a non-GAAP loss of $5.2 million, or 15 cents a share, for the three months ended June 30 with revenue coming in at $16.1 million, well below a year-ago total of $31.4 million.

The average estimate of analysts polled by

Thomson Reuters

was for a loss of 11 cents a share in the June period on revenue of $17.8 million.

Smith Micro sees revenue ranging from $15 million to $20 million for its current fiscal third quarter ending in September. Wall Street's consensus view sits at $23.4 million.

The stock was last quoted at $2.96, down 11.1%, on volume of less than 20,000, according to

. Based on Tuesday's regular session close at $3.33, the shares were already off nearly 80% so far in 2011, and sentiment on Wall Street was poor with 10 of the 13 analysts covering the stock rating it a hold.


Shares of



fell in extended trades after the San Francisco-based online restaurant reservation company came in short on the top line with its latest results, reporting second-quarter revenue of $34.3 million vs. the average analysts' consensus view of $35.3 million.

The company's non-GAAP profit, which excludes stock-based compensation expenses, totaled $8.1 million, or 33 cents a share, for the June-ended period, besting the average estimate of analysts polled by

Thomson Reuters

for earnings of 27 cents a share.

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"Our solid performance in the second quarter was driven by strong growth in the number of installed restaurants and seated diners globally," said Matt Roberts, the company's president and CEO, in a statement. "We're pleased with the continued momentum in our business and with the progress we're making across a variety of initiatives that support future growth."

The stock slumped 6.5% in after-hours action to $64.41 on volume of more than 500,000, according to

. The volatile shares were basically flat for the year ahead of the report, having dropped precipitously since hitting a 52-week high of $118.66 on April 25.

Veeco Instruments

Veeco Instruments

(VECO) - Get Veeco Instruments Inc. Report

was a big mover to the upside in late trades after the maker of LED and solar panel capital equipment missed Wall Street expectations for its quarterly results but reported strong order activity.

The stock leapt 8% to $39.05 on volume of more than 55,000 after Plainview, N.Y.-based Veeco said bookings totaled $311 million for the second quarter, a record for the company that reflects sequential growth of roughly 35%.

"While China was again the main region for new systems purchases, Korea showed signs of improvement, including a multi-system MaxBright MOCVD order from an important LED industry leader," the company said, adding that its quarter-end backlog was $558.2 million.

Year-to-date, based on Tuesday's regular session close at $36.15, the stock was down 9% prior to the after-hours move, falling more than 35% since hitting a 52-week high of $57.67 on May 31.

Other stocks active in extended action included



, which rose nearly 9% to $11.36 on volume of more than 115,000 ahead of its quarterly report on Wednesday;

j2 Global Communications

(JCOM) - Get j2 Global, Inc. Report

, which advanced almost 12% to $28.99 on volume of more than 40,000 after blowing past Wall Street expectations for its second-quarter results and giving a strong outlook; and


( SFSF), which added more than 10% to $27.90 on volume of nearly 400,000 after maker of cloud-based business software delivered an upside surprise for its fiscal second quarter and said it expects third-quarter revenue of between $83 million and $84 million vs. the current consensus view of $72.1 million.


Written by Michael Baron in New York.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.