Tuesday March 23, 7:47 pm Eastern Time
AFTER THE BELL - 3Com up after
earnings
NEW YORK, March 23 (Reuters) - Stock in 3Com Corp.
(Nasdaq:COMS - news) rose in after-hours trading Tuesday on
Instinet after the computer networking company reported earnings
that beat Wall Street expectations.
The Santa Clara, Calif.-based 3Com, which closed on Nasdaq
down 5/8 at 23-5/8, was trading after hours at 24-1/4. Shortly after the market closed, 3Com said
its third quarter revenues and per-share earnings were higher than the same period a year ago.
Also on the move upward was Autoweb.com Inc. (Nasdaq:AWEB - news), which gained more
than 150 percent Tuesday following its initial public offering. The Nasdaq issue closed up 26 at 40
and was trading after hours at 40-1/4.
Shares in drug company PathoGenesis Corp. (Nasdaq:PGNS - news) were spared after hours,
following a day when the stock lost nearly two-thirds of its value. The stock closed at 12-3/16 on
Nasdaq, down 22-9/16, but moved up slightly to 12-1/4 in after hours.
The New York Stock Exchange said after hours session one volume was 2,706,400 compared with
2,030,300 on Monday. Volume in session two was 7,599,796 compared with 4,202,551 on
Monday.
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