Csco after market : Tuesday February 3, 5:49 pm Eastern Time
AFTER THE BELL - U.S. Surgical falls
NEW YORK, Feb 3 (Reuters) - Shares in U.S. Surgical Corp dropped more than
a point in after-hours trading on Monday after the company posted its fourth
quarter earnings report.
Dealers said the company, which makes surgical staplers and minimally invasive
medical products, saw its stock dip to 28-7/8 after the bell. The stock closed
unofficially at 30 after gaining about half a point during the day.
U.S. Surgical said foreign exchange rates had adverselyaffected its fourth quarter
sales by about $15 million. The company posted fourth quarter earnings of $0.19
per diluted share, compared with $0.41 per share for the year-earlier period.
Also down after the bell, Cisco Systems Inc (CSCO - news) slumped slightly to
62-5/8, dealers said. The computer networking company closed unofficially at 63,
having lost nearly a point during regular-hours trading.
Cisco posted second quarter earnings of $0.43 per diluted share. According to
First Call, analysts consensus put the company's earnings at $0.42 per share for the
quarter.
US Airways Group Inc (U - news) waited until late in the day to make a series of
announcements, including a forecast that its first quarter capacity would be down 5
percent while costs would be up by 3.0 percent to 3.5 percent.
''There's nothing happening in that (stock),'' a dealer said, referring to US Airways
shares.
More than an hour after the market close, dealers said shares in Cisco had
bounced back and were trading at 63-1/2.
Lernout & Hauspie Speech Products (LHSPF - news) did not trade after the bell,
although it posted fourth quarter earnings of $0.32 per diluted share after charges,
compared with $0.14 per diluted share for the year-earlier period.
The New York Stock Exchange said session one showed volume of 789,300
shares, compared with 837,500 shares for the previous day. Session two showed
volume of 14.4 million shares, compared with 6.9 million shares on Monday.
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