After a bad day on the Nasdaq, Adobe Systems and Oracle hold steady. TIS 100 After-hours trading Thursday is a tale of two established software companies. The company earned 33 cents per share for the quarter, beating consensus estimates by a nickel.
Shares are up despite a lowered target by the company for second-quarter revenue growth.
Oracle announced two weeks ago that it expected earnings of 10 cents per share. On Thursday, it delivered those 10 cents. While the company recorded an overall loss of 32 cents for its fourth quarter, it is up after hours. Computer hardware maker Compaq lowered its earnings expectations Thursday afternoon. In the past few days, numerous analysts covering the company lowered their expectations to 17 cents per share for the first quarter.