LookSmartsurged 15% after hours on Tuesday after beating estimates and raising guidance.
Second-quarter earnings of a penny a share beat analysts’ estimates by a cent, and an 83% jump in revenues to $38.4 million topped estimates by $3 million. Third-quarter and full-year revenue guidance also exceeded expectations.
With Yahoo’sacquisition of Overturenarrowing the field of paid search providers, strong results could make LookSmart an even more desirable takeover candidate.
Also after the close, MicroStrategyblew away estimates, but guidance was a little light. Answerthinkbeat and raised guidance. JNImissed estimates, and Genesis Microchipwarned.
The broader market fell during the day on a surprising plunge in consumer confidence and renewed terrorist warnings.
The Nasdaq lost 4 to 1731, the S&P 500 fell 7 to 989, and the Dow dropped 62 to 9204. Volume rose to 1.42 billion shares on the NYSE, and 1.71 billion on the Nasdaq. Decliners led 20-12 on the NYSE, and by a few issues on the Nasdaq. Downside volume was 68% on the NYSE, and 55% on the Nasdaq. New highs-new lows were 139-56 on the NYSE, and 227-13 on the Nasdaq.
NetEase.comsurged 14% on strong results.
Immersion Corp.soared 128% on a deal with Microsoft, while Sonicsurged 12% on its own deal with the software giant.
Pricelinefell 7% on a convertible offering.
Intelmanaged to finish higher despite wireless competition.
NVIDIAand Macrovisionfell on their earnings reports, while ValueClickedged higher on its results.
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