Tech Stocks After the Bell: Intuit, Marvell, Salesforce.com, Hewlett-Packard Friday, November 18, 12:01 PM ET
Tax preparation and financial software maker Intuit (NASDAQ:
INTU) reported results after the close of trading yesterday for its fiscal first quarter.
The company posted a narrower loss than in last year's first quarter, of $64 million, or $0.21 per share, compared to a loss of $70 million, or $0.22 per share.
Intuit's adjusted loss of $0.10 per share was narrower than analysts expected.
Revenue rose 12%, to $594 million, also ahead of analyst forecasts.
Intuit's forecast for second quarter earnings of $0.43 to $0.47 per share is ahead of Wall Street estimates as well.
Also late yesterday, Marvell Technology (NASDAQ:
MRVL) reported third quarter earnings fell to $195.1 million, or $0.32 per share, from $255.7 million, or $0.38 per share, last year.
Adjusted earnings of $0.40 per share were ahead of analyst estimates, as was a 1% decline in revenue, to $950.4 million.
And, Salesforce.com (NYSE:
CRM) said it swung to a third quarter loss of $3.76 million, or $0.03 per share, compared to earnings of $21 million, o $0.15 per share, last year.
Adjusted earnings of $0.34 per share beat analyst expectations, as did a 36% increase in sales to $584 million.
Saleforce.com forecast earnings of $0.39 to $0.40 for the fourth quarter, below analyst estimates at the low end.
HPQ) said late yesterday it has named Ralph Whitworth to its board, expanding the number of seats to 14.
Whitworth's firm, Relational Investors, is said to have take a 1% stake in the company, and is known as an activist investor.
For MarketNewsVideo.com, I'm Sayoko Murase.
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Metals & Mining Stocks
Related symbols: DVN, NFX, SLCA, SND
Wednesday Sector Leaders: Publishing, Paper & Forest Products
Related symbols: QUAD, LKSD, VRS, MERC
Tuesday Sector Laggards: Precious Metals, Advertising Stocks
Related symbols: VGZ, AAU, WPP, MDCA
Wednesday's ETF with Unusual Volume: RWO
Related symbols: RWO, LHO, QTS, ACC
Wednesday's ETF Movers: MCHI, MDIV
Related symbols: WB, YY, GRMN, NS, MDIV, MCHI
SVXY, JPMV: Big ETF Outflows
Related symbols: SVXY, JPMV
Daily Dividend Report: DHR, FL, AGO, NTR, FTI
Related symbols: DHR, FL, AGO, NTR, FTI
Daily Dividend Report: WMT, HD, WM, PEG, HAL
Related symbols: WMT, HD, WM, PEG, HAL
Daily Dividend Report: NEE, ITT, MPW, WEN, NUS
Related symbols: NEE, ITT, MPW, WEN, NUS
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Tech Stocks After the Bell: Intuit, Marvell, Salesforce.com, Hewlett-Packard
| Market News Video | Copyright © 2008 - 2018, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.