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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.

Hewlett-Packard (NYSE: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.

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Tech Stocks After the Bell: Intuit, Marvell, Salesforce.com, Hewlett-Packard | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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