Friday December 12, 5:39 pm Eastern Time
AFTER THE BELL - Credence carried upward
NEW YORK, Dec 12 (Reuters) - Shares in Credence Systems Corp rose almost a point in after-hours trading on Friday as
the company said it would repurchase up to half a million shares of its common stock.
Dealers said Credence, which makes automatic test equipment, saw its share price pushed to 20-3/8 after the bell. The
company's stock closed unofficially at 19-1/2 after dropping 7/8 during regular-hours trade.
Also announcing buyback plans after Wall Street's fifth consecutive day of losses were Kellogg Co (NYSE:K - news) and
Nabisco Holdings Corp (NYSE:NA - news).
Neither Kellogg, which said it would repurchase up to $400 million in shares, nor Nabisco, which authorized the repurchase
of up to two million shares, traded after the bell.
Anchor Gaming (Nasdaq:SLOT - news), which made an earnings forecast after the bell, also did not trade. The company
anticipated earnings of $1.10 to $1.20 per share for the second quarter.
According to First Call, analysts'estimates had put the company's earnings at $1.20 per share for the quarter.
''It's wrapping up,'' a dealer said of after-hours trading. ''Nothing else is really trading out of line.''
The New York Stock Exchange said session one volume was 1.3 million shares, compared with 960,700 shares on Thursday.
Session two volume was 5.3 million shares, compared with the previous day's 7.6 million.
SEEMS to work for so many!!
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