Advanced Micro Devices, Centura Software, Corning and Evolving Systems are expected to move the markets Thursday.
Advanced Micro Devices (AMD): The chipmaker reported earnings of 64 cents per share, beating analyst expectations by 2 cents. Shares of AMD rose 13 cents, or about half a percent, to $23.63.
Centura Software (CNTR): The software maker said it expects a third-quarter loss of 20 cents to 21 cents per share, compared with a profit of 1 cent a year earlier. Shares of Centura fell 84 cents, or 30 percent, to $1.94.
Corning (GLW): The maker of fiber-optic cable said it expects to earn 34 cents to 35 cents per share in the third quarter, more than the 30-cent average estimate of analysts surveyed by First Call/Thomson Financial. Shares of Corning rose $5.19, or about 6 percent, to $88.31.
Evolving Systems (EVOL): The telecommunications-software maker said it expects to lose 22 cents to 24 cents per share, compared with the 8-cent profit expected by analysts, because it didn't close a major sale to a U.S. telephone company. Shares of Evolving fell $2.88, or almost 49 percent, to $3.
Global Crossing (GBLX): The chief executive officer of the company, which builds undersea and land-based fiber-optic telecommunication networks, resigned. Leo Hindery will be replaced by vice chairman Thomas Carey. Shares of Global Crossing rose 13 cents, or about half a percent, to $21.56.
Motorola (MOT): The cellular-phone company warned Wednesday that its fourth-quarter earnings would be lower than expected. Motorola said it expects to earn $1.20 per share in 2001 on revenues of $44 billion. The company's previous earnings estimate was $1.43 per share on revenues of $47 billion. Shares of Motorola rose 31 cents, or about 1 percent, to $21.75.
WebMD (HLTH): The online health site said Thursday that Netscape Communications veteran Jim Clark has resigned from the board and that its co-chief executive, Jeffrey Arnold, also has left his post. Shares of WebMD rose 63 cents, or about 6 percent, to $10.31.