Orlando, FL -- (SBWIRE) -- 08/29/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cirrus Logic, Inc.(NASDAQ:CRUS), TiVo Inc.(NASDAQ:TIVO).
Cirrus Logic, Inc.(NASDAQ:CRUS) shares jumped 9.37% to $22.42. The company on July 25 reported first-quarter profit of $20.64 million or $0.31 per share, up from $6.93 million or $0.10 per share in the same period last year. Revenues totaled $155.13 million, up from $99.01 million last year. Analysts expected revenues of $160.12 million.
Looking forward, the company has forecast second quarter revenues in the range of $170 million to $190 million. Analysts currently expect second-quarter revenues of $189.99 million.
Are investors worried about the recent updates with CRUS? Find out with a free trend analysis HERE
TiVo Inc.(NASDAQ:TIVO) shares gained 5.56% to $11.58. The company on August 27 announced the highest net revenue and profit in the company's history and sharp subscriber growth, prompting the company to predict profits ahead for the foreseeable future.
The company reported a a net profit in the quarter ended July 31 of $268.9 million, or $1.96 a share, from a loss of $27.7 million, or 23 cents a share, a year prior. Adjusted loss were $13.1 million. In May, TiVo had predicted a net loss of $13 million to $16 million and service-and-technology revenue of $68 million to $70 million. Revenue for the fiscal second quarter ended July 31 jumped more than 53% to $100 million. Service-and-technology revenue in particular grew 42% to $77 million.
Is TIVO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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