By Brenon Daly, CBS MarketWatch
Last Update: 6:25 PM ET Sep 10, 1999
Also: NewsWatch
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NEW YORK (CBS.MW) -- The strong trading in Harbinger Corp. during the regular trading session Friday provided a harbinger of the after-market trading in the maker of electronic commerce software.
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Updated:
9/10/99 5:55:06 PM ET
Shares of Harbinger (HRBC: news, msgs) jumped 1 3/4, or 14 percent, to 13 7/8 on volume that was three times heavier than average on Friday. On the Island network, the stock climbed to 14 1/4.
After the bell, Harbinger gave a reason for the excitement: The company said it will meet or beat analysts' earnings expectations for the third quarter. Wall Street sees Harbinger earning 9 cents a share.
On the other side, PairGain dropped sharply in after-market trading after the company (PAIR: news, msgs) said third-quarter revenue earnings will fall "well below" Wall Street's expectations. According to analysts surveyed by First Call, the maker of digital subscriber line networking systems was expected to earn 2 cents a share.
During the session, PairGain stock rose 2 3/8, or 23 percent, to 12 7/8, helped by an upgrade from Dain Rauscher Wessels. On Instinet, the stock retreated to 10. See related story.
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