Gatewayrose 5% after the close on Thursday after the company reported a surprise profit.
Gateway said it earned a penny a share in the third quarter, 8 cents better than Wall Street analysts were expecting. Revenues climbed 3.6% to $915 million, under $939.5 million forecasts. For the fourth quarter, Gateway said it expects earnings of 1-2 cents a share, above expectations for a 1-cent loss, on revenues of $975 million to $1.03 billion, less than analysts’ $1.09 billion estimates.
The company reported an increase in PC shipments, but said it expects a decline in its professional business in the fourth quarter.
Also after the close, DoubleClickdropped 7% on its results. McAfeesurged after beating estimates. LookSmart, Open Text, Ascential, NetGear, Ingram Micro, SafeNet, Radisysand GSI Lumonicsbeat estimates. S1met estimates, Adaptecbeat earnings estimates but missed revenue estimates, Sanminaand Brightpointmissed, and recent IPO WebSideStoryreported a 41% jump in sales.
Stocks were mixed during the day, as another big drop in oil prices was overshadowed by China’s first interest rate hike in nine years. Third-quarter GDP will be reported Friday morning, and economists are expecting a 4.3% growth rate for the quarter.
The Nasdaq rose 5 to 1975, the S&P 500 gained 2 to 1127, and the Dow added 2 to 10,004. Volume declined to 1.63 billion shares on the NYSE, and 1.82 billion on the Nasdaq. Decliners led 17-15 on the NYSE, and 16-14 on the Nasdaq. Upside volume was 53% on the NYSE, and 59% on the Nasdaq. New highs-new lows were 191-29 on the NYSE, and 137-42 on the Nasdaq.
Ask Jeevesplunged 24% after meeting estimates but warning. Googlegained 4% on news that most of Ask Jeeves’ revenue in the quarter came from Google.
JDS Uniphasefell 10% on a warning.
Aribasoared 20% after the company beat earnings estimates, and Questand Cabot Microgained 5% each on their results.
Verizon, Sierra Wireless, SonicWall, Akamai, LSI Logicand ESS Techfell on their results, while Photonended the day unchanged.