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Salesforce.com: After-Hours Headlines

Written by: Michael Baron 05/17/12 - 6:27 PM EDT
Tickers in this article: SQNM MRVL FB ARO CRM

NEW YORK (TheStreet) -- Here's the rundown on companies making news after Thursday's closing bell.

Salesforce.com

Shares of Salesforce.com(CRM) jumped 7.2% to $143.49 on volume of nearly 800,000, according to Nasdaq.com, after the cloud and software technology company reported non-GAAP earnings of $54.5 million, or 37 cents a share, on revenue of $695.5 million for its fiscal first quarter.

The average estimate of analysts polled by Thomson Reuters was for a profit of 34 cents a share on revenue of $678.2 million in the April-ended period.

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Salesforce.com also forecast non-GAAP earnings of 38 to 39 cents a share for the second quarter ending in July vs. Wall Street's consensus view for a profit of 38 cents a share.

Marvell Technology

Marvell Technology(MRVL) was a winner in Thursday's extended session after the Santa Clara, Calif.-based chip maker reported better than expected quarterly results, initiated a dividend and boosted its buyback program.

The company reported non-GAAP earnings of $139 million, or 23 cents a share, for the first quarter on revenue of $796.4 million, besting the average analysts' view of for a profit of 20 cents a share on revenue of $768.7 million.

Marvell also said its board has approved a quarterly dividend of 6 cents a share and increased its repurchase authorization by $500 million to $2.5 billion. The stock was last quoted at $13.80, up 3.8%. on volume of more than 500,000.

Sequenom

Shares of Sequenom(SQNM) were down in late trades after the company said Coventry Health Care(CVH) has opted to terminate a coverage agreement between the two companies.

Sequenom said Coventry had opted to terminate the agreement without cause effective August 31, and that it advised that "this decision was not a judgment" on Sequenom or its products. The deal would have provided coverage for Sequenom's MaterniT21 PLUS laboratory-developed test and other similar products within Coventry's network.

The stock was last quoted at $4.40, off 7.8%, on volume of nearly 90,000, according to Nasdaq.com.

Aeropostale

Aeropostale(ARO) was catching a bounce after the New York-based casual apparel retailer reported first-quarter earnings of $10.6 million, or 13 cents a share, on sales of $497.2 million, up 6%. Same-store sales were up 2% in the quarter.