was the most actively traded stock in after-hours trading after releasing its earnings.
was not only No. 2, but it was a whole lot of fun to say. Say it. Zany brainy! Fun stuff.
, techs dominated the chart.
was No. 2,
was No. 3 and
was No. 3.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 8 a.m. to 8 p.m. EDT. Prior to Sept. 15 Island offered trading from 8 a.m. to 5:15 p.m. EDT
MarketXT, formerly Eclipse Trading, offers after-hours trading to retail clients of Morgan Stanley Dean Witter's (MWD) Discover Brokerage and Mellon Bank's (MEL) Dreyfus Brokerage Services. Clients can trade 200 of the most actively traded New York Stock Exchange and Nasdaq Stock Market issues, 4:30 p.m. to 8 p.m. EDT Monday through Thursday. Prior to Oct. 12, Market XT traded issues from 6 to 8 p.m.
updates the most active issues on both MarketXT and Island ECN in Got a Minute? and in the Evening Update.
Stocks tumbled to a close. The
Nasdaq Composite Index
was down 71.2 to 2801, while the
Dow Jones Industrial Average
shed 184.9 to 10,232.
The big European indices finished roundly lower, with the Paris
slipping 55.69, or 1.2%, to 4602.85, while Germany's
lost 63.03, or 1.2%, to 5295.43. London's
fell 61.4, or 1%, to 6113.4.
Asian markets dropped overnight as Hong Kong's
lost 283.48, or 2.2%, to 12,475.87, and Tokyo's
sank 336.32, or 1.9%, to 17,754.49.
Mergers, acquisitions and joint ventures
, a TV-station operator, is exploring the sale of part or all of the company with companies including
The Wall Street Journal
reported, citing people familiar with the talks.
for about $3.3 billion in cash and stock. Con Ed said it would pay $25 a share for Northeast.
Separately Motorola and
announced plans to launch a wireless instant messenger.
said it was joining with
to develop pen-based wireless handheld computers.
said they signed a deal to offer advanced telecommunication services in seven U.S. markets. The companies will offer digital subscriber line service, or DSL, starting in December.
Earnings/revenue reports and previews
Abercrombie & Fitch
said it suffered a decline in October sales, but is still confident it will post earnings in line with analysts' estimates. The company said in a statement that "strong back-to-school increases have been reduced somewhat by less favorable results from the company's regular October sales event." The 23-analyst estimate forecasts Abercrombie to report third-quarter earnings of 31 cents a share.
reported first-quarter earnings of $1 a share, 15 cents shy of the five-analyst estimate.
reported third-quarter earnings of 64 cents a share, above the 15-analyst estimate of 61 cents and up from a year-ago 56 cents.
posted third-quarter earnings of 58 cents a share, in line with the 10-analyst estimate and up from a year-ago 50 cents.
reported third-quarter earnings of 24 cents a share, beating the 12-analyst estimate by a penny, and up from the year-ago pro forma 38-cent loss.
reported third-quarter earnings of 55 cents a share, in line with the two-analyst estimate, but below the year-ago 61 cents. The company said the latest quarter included a pretax charge of $3.9 million, or 8 cents a share, for a refund related to the
Department of Veterans Affairs
posted a fourth-quarter loss of 11 cents a share, beating the 10-analyst
consensus for a loss of 13 cents, but wider than the year-ago 8-cent loss. Excluding an acquisition charge, E*Trade lost 10 cents a share.
reported third-quarter earnings of 74 cents a share, above the eight-analyst estimate of 72 cents a share, and up from a year-ago 61 cents.
posted first-quarter earnings of 45 cents a share, better than the 12-analyst estimate of 43 cents and up from 38 cents a year ago.
reported third-quarter earnings of 49 cents a share, a penny shy of the 12-analyst estimate and down from a year-ago 57 cents.
reported a third-quarter loss of 13 cents a share, better than the 14-analyst estimate of a 16-cent loss, but down from the year-ago 11-cent profit.
Investment Technology Group
reported third-quarter earnings of 34 cents a share, a penny below the four-analyst estimate and down from 45 cents a year ago.
posted third-quarter earnings of 19 cents a share, compared with a revised 10-analyst estimate of 18 cents, following the company's earnings warning. Pro-forma year-ago earnings were 13 cents a share.
, after the close, reported third-quarter earnings of 53 cents a share, in line with the 27-analyst estimate and up from the year-ago 7 cents a share.
posted third-quarter earnings of 34 cents a share, beating the five-analyst estimate of 32 cents and the year-ago 29 cents.
reported third-quarter earnings of 1 cent a share, above the 24-analyst consensus of breakeven results, but down from a year-ago 38 cents. The company said third-quarter net fell on a $16 million contract dispute.
posted third-quarter basic income of 8 cents a share, above the 13-analyst estimate of 4 cents a share, and up from the year-ago loss of 3 cents a share.
posted third-quarter earnings of 93 cents a share, in line with the seven-analyst estimate and up from 73 cents a year ago.
Valley National Bancorp
reported third-quarter earnings of 45 cents a share, a penny better than the 8-analyst estimate and up from the year-ago 42 cents.
Offerings and stock actions
has ditched plans for a possible spinoff and IPO of
, its online brokerage unit, the
said its board authorized the repurchase of up to 3 million shares of its class B exchangeable common stock.
Donaldson Lufkin & Jenrette
cut its rating on shares of
Bob Evans Farms
to a market perform from a buy and set a price target of 22. Yesterday, the company warned investors that it sees second-quarter results below analysts' estimate of 42 cents a share.
upped its rating on
to near-term buy from accumulate.
to neutral from strong buy.
upgraded shares of
to accumulate from neutral, saying "the company has taken significant steps to address the shortage issue it faced last quarter." Yesterday,
reported on the company's
SG Cowen downgraded shares of
to neutral from buy. Intel reported disappointing earnings
at outperform and set a price target of $120.
Warburg Dillon Read
raised its fourth-quarter earnings estimate on
to 83 cents a share from 62 cents, while raising
fiscal 1999 estimates to $5.60 a share from $5.50. The firm also upped its fiscal 1999 estimate on
Donaldson Lufkin & Jenrette
, to $3.65 a share from $3.50.
Lehman Brothers cut its fiscal 1999 estimate
to $2.70 a share from $3.50, while Donaldson Lufkin & Jenrette sliced its rating to market perform from buy.
Merrill Lynch started coverage on Web infrastructure software firm
with a near-term accumulate and a long-term buy. Yesterday
Credit Suisse First Boston
started covering Vitria with a strong buy and set a 12-month price target of $75.
to trading buy from market outperform.
said it hired
to weigh strategic options for the company.
United Auto Workers
union said its members ratified a four-year contract with
by 77%. The new contract followed the pattern set among the traditional Big Three automakers: a 3% wage gain in each of the four years, a $1,350 signing bonus, higher pensions and improved job security.
The Heard on the Street column in the
reports that as part of a criminal inquiry into pension fund investments made by the former Connecticut state treasurer, Paul Silvester, federal prosecutors are looking into the activities of PaineWebber, citing people familiar with the matter.