SAN FRANCISCO (AFX) -- Intel Corp. was the top volume mover in after-hours trading Wednesday after it posted lower quarterly results on sluggish demand, while Apple Computer Inc. shares jumped after it posted a 41% increase in profit.
Intel shares gained 1.4% to $19.83 and Apple shares added 4% to $68.27.
Stock in eBay Inc. dropped nearly 6% after posting its quarterly results.
The Nasdaq-100 After Hours Indicator, which tracks the evening action of the technology-heavy index's leading shares, fell 6.15 points to 1,727.89.
Intel said that its first-quarter net income tumbled 38% on weaker demand for its computer chips due to stiffer competition and slowing PC sales growth. The world's largest chipmaker's results overall matched Wall Street's estimate.
Apple said that its fiscal second-quarter profit rose as sales of its iPod media players increased. But revenue fell short of Wall Street expectations.
EBay shares lost 5.7% to $38.03 after it said that first-quarter profit fell 3% to $248.3 million on higher expenses, as sales soared 35% to match Wall Street expectations.
Qualcomm Inc. shares fell 1.5% to $51.70 after it said that second-quarter earnings rose 11% to $593 million, or 34 cents a share, from a year ago. Revenue jumped 34% to $1.83 billion, as the wireless-technology developer shipped a record number of chips used to power wireless phones.
On a pro forma basis, Qualcomm earned $706 million, or 41 cents a share. Qualcomm was expected to report earnings of 40 cents a share on revenue of $1.80 billion.
Rambus Inc. shares were down 1.5% at $45.90 after the company, which licenses its memory-chip technology to electronics makers, reported first-quarter net income of $1.82 million, or 2 cents a share. Last year, its net income was $4.44 million or 4 cents a share. Analysts had expected per-share income of 7 cents. The company reported first-quarter revenue of $47.2 million, up from $39.6 million last year. Analysts were looking for a result of $47 million.
Swift Transportation Co. was one of the most actively traded companies, according to Instinet. Shares soared 14% to $28.75. The trucking company said that its first-quarter profit doubled to $37.5 million, or 50 cents a share, from $19.4 million or 26 cents a share a year ago on higher revenue.
Shares of Juniper Networks Inc. gained nearly 1%. Its first-quarter net profit edged higher as expenses such as those related to stock options weighed, and offset much of a 26% surge in revenue. This story was supplied by MarketWatch. For further information see www.marketwatch.com.
Intel shares gained 1.4% to $19.83 and Apple shares added 4% to $68.27.
Stock in eBay Inc. dropped nearly 6% after posting its quarterly results.
The Nasdaq-100 After Hours Indicator, which tracks the evening action of the technology-heavy index's leading shares, fell 6.15 points to 1,727.89.
Intel said that its first-quarter net income tumbled 38% on weaker demand for its computer chips due to stiffer competition and slowing PC sales growth. The world's largest chipmaker's results overall matched Wall Street's estimate.
Apple said that its fiscal second-quarter profit rose as sales of its iPod media players increased. But revenue fell short of Wall Street expectations.
EBay shares lost 5.7% to $38.03 after it said that first-quarter profit fell 3% to $248.3 million on higher expenses, as sales soared 35% to match Wall Street expectations.
Qualcomm Inc. shares fell 1.5% to $51.70 after it said that second-quarter earnings rose 11% to $593 million, or 34 cents a share, from a year ago. Revenue jumped 34% to $1.83 billion, as the wireless-technology developer shipped a record number of chips used to power wireless phones.
On a pro forma basis, Qualcomm earned $706 million, or 41 cents a share. Qualcomm was expected to report earnings of 40 cents a share on revenue of $1.80 billion.
Rambus Inc. shares were down 1.5% at $45.90 after the company, which licenses its memory-chip technology to electronics makers, reported first-quarter net income of $1.82 million, or 2 cents a share. Last year, its net income was $4.44 million or 4 cents a share. Analysts had expected per-share income of 7 cents. The company reported first-quarter revenue of $47.2 million, up from $39.6 million last year. Analysts were looking for a result of $47 million.
Swift Transportation Co. was one of the most actively traded companies, according to Instinet. Shares soared 14% to $28.75. The trucking company said that its first-quarter profit doubled to $37.5 million, or 50 cents a share, from $19.4 million or 26 cents a share a year ago on higher revenue.
Shares of Juniper Networks Inc. gained nearly 1%. Its first-quarter net profit edged higher as expenses such as those related to stock options weighed, and offset much of a 26% surge in revenue. This story was supplied by MarketWatch. For further information see www.marketwatch.com.