Tech stocks dominated a heavily-traded after-hours session Monday, as positive earnings reports poured in. Yahoo! ( YHOO) led the charge with an 9.8% leap after the Internet search engine said third-quarter non-GAAP income stayed
virtually steady year-over-year at $238 million, or 17 cents a share. Analysts were projecting a slide to 8 cents a share, according to Thomson Financial. Revenue climbed 11.8% from last year to $1.77 billion, topping the consensus by about $530 million. Shares of the Sunnyvale, Calif., company were rising $2.61 to $29.30. Intel ( INTC) was another densely traded gainer after the Santa Clara, Calif., chipmaker came in a notch above top- and bottom-line expectations in the third quarter. Earnings totaled $1.86 billion, or 31 cents a share, on sales of $10.09 billion. Analysts were looking for 30 cents on $9.62 billion. Shares were up $1.22, or 4.8%, to $26.70 in recent late trading. Spansion ( SPSN), another semiconductor maker, said its third-quarter loss didn't widen quite as much as the Street had expected. The Sunnyvale, Calif., company booked a loss of 53 cents a share, a penny better than the average target. Next-quarter sales were forecast at an in-line range of between $640 million and $700 million. Spansion shares were up 22 cents, or 2.8%, to $8.10 in recent late trading. Among other postbell winners out of the tech sector, software company Microsoft ( MSFT) rose 1.3% to $30.70; cell-phone maker Nokia ( NOK) added 1.9% to $35.99; and computer maker Dell ( DELL) rose 54 cents, or 1.9%, to $28.39. But IBM ( IBM) was among the decliners, despite posting better-than-anticipated income of $2.36 billion, or $1.68 a share, compared with $1.45 a share last year. Revenue of $24.11 billion was slightly ahead of the mean. Still, shares of the Armonk, N.Y., computer company were shedding 1.2% to $118.21.