NEW YORK, April 10 (Reuter) - Ascend Communications Inc was
one of several high-technology stocks trading lower after the
bell on Thursday after releasing first quarter financial
results, traders said.
Ascend "was down a little bit," trading at 46-1/4, one
dealer said. Ascend closed at 46-3/8, down 1-3/8 on the day.
Later the company reported first quarter results that
included net income per share of $0.27 after a one-time charge,
compared to $0.15 for the same period the year before.
Cascade Communications Corp (NASDAQ:CSCC) was trading at 30-1/4
after closing at 30-3/8, down one during regular trading hours.
Cascade reported a net loss of $2.13, including a charge,
compared to a profit profit of $0.11 for the same quarter the
year before.
Cascade's first quarter operating net profit was $0.15 per
share.
Also falling after the bell was Western Digital Corp
(NYSE:WDC), trading at 65-7/8 after closing at 66-1/8. The stock
had dropped 2-1/4 during regular trading hours.
Western reported third quarter net income of $1.76 per
share, compared to $0.42 for the same period the year before.
The New York Stock Exchange said session one volume was
900, compared to 13,600 on Wednesday. Session two volume was
4,547,300, while on Wednesday it was 17,510,978. |
