NEW YORK (CNNfn) - The data-network equipment maker Emulex took off in after-hours trading Thursday after the company reported its first-quarter earnings beat Street estimates.
E.piphany surged after the company announced a three-for-two split of its common stock.
Internet auction site Ebay gained on the heels of positive earnings reports.
Diversified technology and manufacturing company Honeywell gained, while United Technologies slumped following a news report that Honeywell was in merger talks with the rival company.
Thursday's after-hours winners
Emulex (EMLX: Research, Estimates) up $12.50 to $160.50. The data-network equipment maker on Thursday reported first-quarter earnings that easily surpassed Wall Street expectations.
E.piphany (EPNY: Research, Estimates) up $11.15 to $76. The maker of customer-interaction software said Thursday its board of directors approved a three-for-two split of its common stock.
Ebay (EBAY : Research, Estimates) up $9.19 to $66.38. The Internet auction site on Thursday reported third-quarter earnings that sailed past Wall Street expectations.
Corvis (CORV: Research, Estimates) up $10.41 to $70. Optical networking equipment maker Corvis Corp. reported a pro forma third-quarter loss that was slightly smaller than analysts had expected, as the startup company began to generate revenue.
Commerce One (CMRC: Research, Estimates) up $5.75 to $69.72. The company, which makes software that links buyers and sellers in Internet trading communities, on Thursday said its third-quarter loss was smaller than analysts expected.
Vitria Technology (VITR: Research, Estimates) up $5.31 to $32. The e-business platform provider reported results for the third quarter ended September 30, 2000. Excluding non-cash charges relating to stock compensation, Vitria's earnings for the quarter were $1.4 million or 1 cent a share, beating the First Call/Thompson consensus estimate of zero cents a share. For the corresponding quarter in fiscal 1999 the net loss, excluding non-cash charges relating to stock compensation, was $2.8 million or a loss of 4 cents a share. Revenue for the third quarter was $41.6 million, compared to $ 7.8 million for the third quarter in 1999.
Honeywell (HON: Research, Estimates) up $5.82 to $41.50. United Technologies (UTX: Research, Estimates) down $6.50 to $61.50. Shares of diversified manufacturer Honeywell gained on the heels of a news report that Honeywell was in merger talks with rival United Technologies Corp.
Extreme Networks (EXTR: Research, Estimates) up $3.19 cents to $98. The maker of Internet router and switch equipment reported a record profit for its fiscal first quarter Wednesday, but saw its stock plunge.
Avanex (AVNX: Research, Estimates) up $2.94 to $120. The fiber-optics company reported third-quarter earnings that beat Wall Street estimates by three cents a share.
Yahoo! (YHOO: Research, Estimates) up $2.19 to $61.75. The Internet media network said it launched two electronic commerce services as part of a drive to become a participant in the mobile e-commerce market.
Thursday's after-hours losers
Mercator Software (MCTR: Research, Estimates) down $5.75 to $6.50. Mercator Software reported a shortfall in the third quarter. On a pro forma basis, the net loss for the third quarter was $4 million, or 14 cents a share, compared with net income of $2.2 million, or 8 cents a share in the year-earlier quarter. Revenues for the third quarter of 2000 increased 20 percent to $32.2 million, or 20 percent, from $26.7 million for the third quarter of 1999.
Exodus (EXDS: Research, Estimates) down $2.56 to $35.50. Exodus Communications reported a better-than-expected third-quarter loss of 14 cents a share due to strong demand for its Web hosting and other services, and predicted 2001 revenues would be near $1.8 billion.
Macromedia (MACR: Research, Estimates) down $1.88 to $73. The Web design software maker topped Wall Street earnings forecasts by two cents a share in the fiscal second quarter, as the company reported pro forma net income of $15 million, or 26 cents per diluted share, and issued a strong growth forecast for fiscal 2001.
Thursday's after-hours newsmakers
Atmel (ATML: Research, Estimates) up 72 cents to $15.12. The communications chipmaker said Thursday that third-quarter net income more than quadrupled as sales rose 56 percent.
Sepracor (SEPR: Research, Estimates) down 56 cents to $86.50. The biotech suffered a huge setback when it announced that its partner Eli Lilly (LLY: Research, Estimates) had ended its program to develop Sepracor's second-generation version of Lilly's blockbuster antidepressant Prozac.
Intel (INTC: Research, Estimates) up 38 cents to $42.31, Nanometrics (NANO: Research, Estimates) down 56 cents to $20.06, Triquint Semiconductor (TQNT: Research, Estimates) up $3.25 to $36.62. The semiconductor sector benefited from strong earnings reports by Intel, Taiwan Semiconductor and Nanometrics and analyst upgrades of several in the sector.
Sun Microsystems (SUNW: Research, Estimates) up $1.06 to $118.75. Sun's first-quarter net income rose 88 percent, easily topping Wall Street expectations, as it continued to benefit from a scramble for equipment to manage and store Web traffic.
Microsoft (MSFT: Research, Estimates) up 38 cents to $62.25. The software company reported fiscal first-quarter earnings and revenue late Wednesday that exceeded analysts' estimates, aided by more than $1 billion in investment income.
Dell (DELL: Research, Estimates) up 19 cents to $29, Cisco Systems (CSCO: Research, Estimates) unchanged at $58.25. Computer makers and networking companies benefited from the good news from Microsoft and Sun.
Broadcom (BRCM: Research, Estimates) up $1.88 to $236. The high-speed communications semiconductor maker reported better-than-expected third-quarter earnings Wednesday on strong revenue growth fueled by high-speed Internet access demand.
Rambus (RMBS: Research, Estimates) down 50 cents to $69.88. The maker of technology to speed the performance of computer chips beat profit forecasts Wednesday as it earned a record $10.2 million, or 9 cents a diluted share, in its fourth quarter. Analysts were looking for 6 cents a share in profit from the company, up from 3 cents a share a year earlier.
Netro (NTRO: Research, Estimates) up 25 cents to $22.25. Merrill Lynch and Lehman Brothers downgraded the wireless networking company, Merrill cutting it to "long-term neutral" from "near-term accumulate" and Lehman cutting it to "outperform" from "buy."
Nokia (NOK: Research, Estimates) up 12 cents to $38.25. The world's biggest mobile phone maker posted a 42 percent jump in pretax third-quarter earnings, surpassing analysts' lowered estimates and driving its shares up as much as 28 percent after weeks of decline for stocks in the sector.
Alpha Industries (AHAA: Research, Estimates) unchanged at $35.12. The circuit maker said late Wednesday that fiscal second-quarter net income more than doubled to 24 cents per diluted share, and that it expects to reach $300 million in net sales for fiscal 2001.
J.P. Morgan (JPM: Research, Estimates) unchanged at $142.50, Chase Manhattan (CMB: Research, Estimates) down 6 cents to $38.88. The financial companies, which are in a merger deal, rose on J.P. Morgan's good earnings -- offsetting Chase's bad earnings -- and the news that the U.S. trade deficit fell more than expected, which could help discourage the Federal Reserve from raising interest rates again.
Motorola (MOT: Research, Estimates) down 31 cents to $22.69, Ericsson (ERICY: Research, Estimates) up 50 cents to $14.50. Relieved investors, who had worried about slowing demand for mobile phones, returned to wireless stocks after Nokia's good news.
ESS Technology (ESST: Research, Estimates) down 12 cents to $14.63. The digital multimedia company reported third-quarter earnings that beat Wall Street estimates by seven cents a share.
Eli Lilly (LLY: Research, Estimates) down 12 cents to $88.38. The drug maker said profit rose 6 percent in the third quarter, matching Wall Street forecasts, and said it is on track to meet estimates for the fourth quarter as well.
Radisys (RSYS: Research, Estimates) down 12 cents to $23.75. Bank of America Securities and SG Cowen both downgraded the computer equipment maker to "buy" from "strong buy."
America Online (AOL: Research, Estimates) up 81 cents to $46.25. The world's biggest provider of online services reported a fiscal first-quarter profit Wednesday that beat Wall Street analysts' expectations, driven by strong subscriber growth and Internet commerce results. AOL is awaiting regulatory approval of its acquisition of Time Warner (TWX: Research, Estimates), the parent company of CNNfn.
Profit Recovery Group International (PRGX: Research, Estimates) up 25 cents to $4. The accounts payable service said late Wednesday it expects its third- and fourth-quarter results will fall below analysts' expectations due to shortfalls in its communications and accounts payable divisions.
-- compiled by Antoinette Coulton, Mark Gongloff, and Parija Bhatnagar from staff and wire reports 
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