e-Future Information Technology ( EFUT), a China-based supply chain management software provider, was dropping in after-hours trading following its latest financial results.

For the six months ended June 30, e-Future had revenue of $2.5 million, up 21.5% from the same period a year earlier. However, the company lost $300,000, largely because of expenses and amortization associated with a $10 million private placement in March and three acquisitions.

Looking forward, the company expects revenue of $10 million for 2007. Shares of e-Future were losing 10.8% to $12.40.

CallWave ( CALL), a maker of software applications that allow phones and PCs to work together, was on the decline in the wake of its fiscal fourth-quarter results.

Total revenue for the quarter fell to $5.5 million from $6.2 million in the third quarter. CallWave narrowed its sequential loss to $2.3 million, or 11 cents a share, from $2.6 million, or 12 cents a share, in the third quarter.

For the fiscal year, the Santa Barbara, Calif.-based company said revenue dropped to $25.2 million from $36.6 million in fiscal 2006. The loss widened to $7.5 million, or 36 cents a share, from $2 million and 10 cents a share a year ago. Shares, however, added 3.2% to $3.05.

Analog Devices ( ADI) slipped 1.4% to $37.20 after it said its profits fell in the third quarter owing to a slowdown in wireless chip sales.

The Norwood, Mass.-based chipmaker earned 37 cents, topping estimates by a penny, but that was down from 39 cents last year. ADI's forecast was unimpressive. Sales did rise 3% to $680 million, and came in about $8 million ahead of expectations.

Bally Technologies ( BYI), a maker of gambling products like slot machines and video slots, was gaining ground after the company offered optimistic projections for this year and next.

The Las Vegas-based company reiterated that it expects fiscal 2007 revenue of $670 million to $690 million and earnings of above 34 cents a share. Analysts are looking for sales of $683.9 million and a profit of 28 cents.

For 2008, Bally forecast earnings of $1.25 to $1.55 a share and revenue of more than $830 million. The consensus targets are $1.01 a share for earnings and $782.9 million on the top line. Shares of Bally were up 0.1% to $27.44.

DryShips ( DRYS) jumped 6% after swinging to a second-quarter profit and blowing away Wall Street's expectations. The Greek marine shipping company earned $110.2 million, or $3.15 a share, compared to a loss of $808,000, or 3 cents a share, in the year-ago quarter. The company reported revenue of $112.5 million vs. $54.5 million last year. Analysts polled by Thomson Financial expected earnings of $1.34 a share on revenue of $98.7 million. Shares gained $3.36 to $59.50.

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