×

After-hours buzz: TiVo, Workday, Hormel Foods & more

Check out the companies making headlines after the bell Tuesday:

Traders work on the floor of the New York Stock Exchange.
Getty Images
Traders work on the floor of the New York Stock Exchange.

Workday - The cloud applications provider reported a narrower-than-expected first-quarter loss, while revenue topped projections. However, shares fell about 5 percent in after-hours trading.

TiVo - The video management firm's shares rose about 4 percent after it reported earnings of 8 cents a share on revenue of $114.7 million, beating estimates of 7 cents a share on $91 million in revenue. The company also said it purchased software company Cubiware in an attempt to boost its global distribution.

Hormel Foods - The Spam maker will acquired organic meat producer Applegate Farms for $775 million as it looks to expand the breadth of its offerings. Hormel shares jumped about 4 percent on the news.

FireEye - The cybersecurity provider said it would issue $600 million in convertible debt. It plans to use a portion of the net proceeds from the offering to fund its upcoming share repurchase program. Shares fell about 2 percent after the announcement.

Nimble - The data-storage solutions company said its adjusted first-quarter loss narrowed to 10 cents a share, compared to 14 cents a share last year; revenue rose 53 percent. The stock rose nearly 3 percent after hours.