SAN FRANCISCO (MarketWatch) -- Merix Corp. shares were among the most
heavily traded in Tuesday's extended trading session after the company's
revenue surged, while stock in Intermagnetics General Corp. jumped almost 8%
after the company reported higher earnings and revenue.
The Nasdaq-100 After Hours Indicator, which tracks the evening session of
the index's leading shares, was last down 3.75 points to 1,676.18.
Merix shares rose more than 4% to $8.21 after the circuit-board
manufacturer's revenue jumped to $61.7 million from $43.2 million a year ago.
It also reported a second-quarter net loss of $2.34 million, or 12 cents a
share.
On a pro forma basis, earnings came in at 3 cents a share compared with 2
cents a share last year.
Intermagnetics General shares rose to $33.20 after the company reported
second-quarter net earnings of $6.84 million, or 24 cents a share, compared
with $4.13 million or 15 cents a share during the year-earlier quarter.
The provider of magnetic-resonance imaging products reported quarterly
revenue of $78.1 million, compared with $66.2 million last year.
Bed Bath & Beyond Inc. shares slipped 69 cents, or 0.2%, to $36.15
following a pair of executive changes.
The company said it has named Eugene Castagna chief financial officer and
treasurer, succeeding Ronald Curwin, who has been named to the newly
established position of senior vice president of investor relations.
Additionally, the Union, N.J.-based retailer said it named Arthur Stark as
president.
Neose Technologies Inc. shares spiked 12% to $2.20 following the
announcement that Western European regulators have cleared the company to
perform human clinical trials for an anemia treatment.
Jasmina Kelemen is a MarketWatch reporter based in San Francisco.
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SOURCE Thomson Financial Corporate Group
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