The electronics contract manufacturers were moving higher in Instinet trading after the close Tuesday, with Jabil Circuit ( JBL) leading the way. Following the
4 p.m. EST closing bell, Jabil reported second-quarter earnings, excluding items, of 8 cents a share, a penny ahead of the consensus estimate but down from 21 cents in the year-ago period. Revenue fell to $822 million from $1.2 billion. For the third quarter, Jabil forecast earnings before items of 11 cents to 13 cents a share, compared with the consensus estimate of 11 cents. The company also said revenue for the fiscal year would come in at the low end of its expectation of $3.5 billion to $4 billion, while earnings should be 45 cents to 50 cents a share. Analysts expect earnings of 45 cents for the fiscal year. Investors sent the shares up 3.3% to $21.45 after the close, and other stocks in the sector were also moving higher. Sanmina-SCI ( SANM) was gaining 1.7% to $12, and Flextronics ( FLEX) was up 1.3% to $17.20. Among other active stocks, Lucent was unchanged at $4.31 after dropping 10% in regular trading. Gemstar-TV Guide lost another 1.8% to $15.75. Microsoft ( MSFT) and Micron ( MU) were flat. Hewlett-Packard whose shareholders voted Tuesday on the company's proposed merger with Compaq , was level at $18.80. Compaq was down 0.8% to $11.05. Walter Hewlett, who has led a campaign against the merger, said the vote was too close to call, but H-P executives believe they received enough votes to get the merger through. Elsewhere, Cisco ( CSCO) was unchanged at $16.74, and the Nasdaq 100 Unit Trust ( QQQ) was flat at $37.39.