Stocks to Watch: Splunk, OmniVision
NEW YORK -- Splunk(SPLK) reported a narrower-than-expected fiscal second-quarter loss on Thursday with revenue 12% ahead of analysts' estimates.
The data software specialist also raised its revenue outlook for the full year to between $183 million and $186 million, up from a prior range of $174 million to $177 million.
OmniVision Technologies(OVTI) , the maker of advanced digital imaging products, said it expects non-GAAP earnings of 21 cents to 37 cents a share for its fiscal second quarter ending in October on revenue of $355 million to $390 million.
Analysts are looking for a profit of 33 cents a share in the quarter on revenue of $268.6 million.
Google(GOOG) CEO Larry Page and Apple(AAPL) CEO Tim Cook have been conducting behind-the-scenes talks about a range of intellectual property matters, including the mobile patent disputes between the companies, people familiar with the matter told Reuters.
The two executives had a phone conversation last week, the sources said, and they are expected to talk again in the coming weeks, though no firm date has been set.
One possible scenario under consideration could be a truce involving disputes over basic features and functions in Google's Android mobile software, one source said.
Zumiez(ZUMZ) , the specialty retailer, provided weak guidance for its fiscal third quarter.
Zumiez said it expects earnings of 42 cents to 45 cents a share on revenue of $181 million to $185 million for the October-ending quarter, well below the current consensus view for a profit of 56 cents a share on revenue of $183.8 million.
JPMorgan Chase(JPM) , a major player in providing clearing and settlement services to other financial firms, is reviewing its dealings with dozens of brokerages that use the bank to settle trades, according to people familiar with the bank, The Wall Street Journal reported.