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.
Friday Sector Leaders: Defense, Auto Dealerships
Related symbols: ARTX, ATK, PRTS, PAG
Friday Sector Laggards: Computer Peripherals, Precious Metals
Related symbols: TACT, FEYE, REE, NG
Thursday Sector Leaders: Metals Fabrication & Products, Oil & Gas Refining & Marketing Stocks
Related symbols: TAS, MTRN, PBF, YPF
Friday's ETF with Unusual Volume: IBB
Related symbols: IBB, GILD, ARIA, AGIO, NLNK
Friday's ETF Movers: KRE, GDXJ
Related symbols: Friday'sETFMovers:KRE, GDXJ
EEM, IFNA: Big ETF Outflows
Related symbols: EEM, IFNA, MBT, BAP, SPG, PSA
Daily Dividend Report: HRC, TCO, AMT, CVS
Related symbols: HRC, TCO, AMT, CVS
Daily Dividend Report: NMFC, MITT, AE
Related symbols: NMFC, MITT, AE
Dividend Increases: GD, DVN, MLR
Related symbols: GD, DVN, MLR
Weekly Market Wrap: March 7, 2014
Related symbols: GD, TCO, HRC
Weekly Market Wrap: February 28, 2014
Related symbols: M, TOL, TGT
Weekly Market Wrap: February 21, 2014
Related symbols: SIG, ZLC, KO, WMT, DISH
Week Ahead Market Report: March 3, 2014
Related symbols: RSH, BYD, ALG, VLP
Dow Movers: JPM, WMT
Related symbols: JPM, WMT
Week Ahead Market Report: February 24, 2014
Related symbols: FSLR, LB, SPLK, LINTA
All videos » |
Stock market definitions »
Tech Stocks After the Bell: Intuit, Marvell, Salesforce.com, Hewlett-Packard
| Market News Video | Copyright © 2008 - 2014, 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.