Tax preparation and financial software maker Intuit 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.
)'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 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.
) 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.
) 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.
Market News Video produces and distributes online videos about stocks and investing.