After-hours buzz: TiVo, Workday, NY Times & More
Check out which companies are making headlines after the bell Tuesday:
TiVo reported a second-quarter loss of 9 cents per share excluding items on revenue of $71 million. Analysts were looking for a loss of 10 cents per share. The company added 212,000 net subscribers in the quarter. For the third quarter, the company anticipates net income of $6 million to $8 million. TiVo also said it settled Cisco and Motorola litigation for $490 million. The stock rose in late trading.
Workday reported a second-quarter adjusted loss of 13 cents per share, beating forecasts for a loss of 18 cents per share. Revenue for the quarter came in at $107.6 million, also ahead of expectations. For the third quarter, the HR cloud-software company sees revenue of $115 million to $118 million. The stock fell in after-hours trading.
The New York Times website has been taken down, in what was likely an external attack Tuesday, according Eileen Murphy, VP of corporate communications for the company, sending the stock slightly lower in late trading.
Shares of semiconductor company Avago Technologies rose sharply in late trading after the company posted fiscal third-quarter earnings of 74 cents per share excluding items, beating forecasts for 61 cents per share. Revenue came in at $644 million. Fourth-quarter revenue is expected to rise 12 percent to 15 percent from the third quarter.
Teen retail chain Wet Seal reported fiscal second-quarter earnings of a penny a share, meeting estimates, as sales came in at $137.2 million. Same-store sales rose 3.7 percent in the quarter. For the third quarter, Wet See anticipates same-store sales rising in the mid-single digits. The stock slipped in extended hours trading.
Accuray, which manufactures image-guided radiosurgery devices, met Street forecasts with a loss of 20 cents per share for the fourth quarter. Revenue came in at $84.9 million, ahead of forecasts for $82.3 million. The stock rose sharply in late trading.