Competion, Weak Demand Blamed
OmniVision Technologies reported better-than-expected profit in its first quarter, but revenue missed expectations. Guidance was also weak for the current quarter because of rising competition and weak smart phone sales. OVTI drops 14 percent before the opening bell on my tradeMONSTER platform.
Splunk Reports Strong Quarter, Ups Guidance
Splunk reported a second-quarter loss of $0.01, narrower than the $0.03 loss forecast by analysts. Revenue of $67 million also beat the $63 consensus number, and management raised full-year guidance. SPLK rose 11 percent in early trading.
Another Strong Showing from Salesforce.com
Salesforce.com had profit of $0.09 a share on revenue of $957.1 million. The Street had only expected $0.07 and $939 million, respectively. Its outlook going forward was strong, as well. CRM surges 9 percent before the opening bell.
Big Lots Higher On Profit Beat
Big Lots earned $0.31 a share in its second quarter, much better than the $0.24 average analyst estimate. Sales missed slightly, but investors are focusing on that strong bottom-line number, sending BIG up more than 4 percent in the premarket.