Shares of TiVo Inc. (NASDAQ:TIVO) are up 4% in late trading, despite reporting a loss for the third quarter. The company’s loss widened to $24.5 million (21 cents per diluted share) from $20.6 million (loss of 18 cents per share) in the same quarter a year earlier. However, revenue increased 27.4% to $64.8 million.
Shares of Hewlett-Packard (NYSE:HPQ) continue to decline .40% after the closing bell. CEO Meg Whitman is calling 2012 a “reset and rebuilding year” after earnings. Though the company won’t put a number on it, they plan to make a substantial investment into research and development, and growing personnel and internal systems. Whitman also believes 2012 could be a challenging year due to decreased European demand and flooding in Thailand that has slashed hard drive availability. Stocks moving on the news include: Microsoft (NASDAQ:MSFT) and Dell (NASDAQ:DELL).
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Although Pandora (NYSE:P) beat estimates, shares are down nearly 4% in extended trading. The online radio company reported a third quarter profit of $638,000, compared to a $1.77 million loss last year. Excluding one-time items, Pandora earned 2 cents per share, compared to estimates of a 1 cent loss.
Dollar Tree (NASDAQ:DLTR) is attracting attention after agreeing to repurchase $300 million of its own stock from Wells Fargo (NYSE:WFC) in order to speed up a $1.5 billion repurchase program announced in October. Shares closed 1.85% higher on Tuesday.
Yum! Brands (NYSE:YUM) continues to edge higher late Tuesday. The company is splitting its India business into its own business segment. “The decision to report it separately reflects Yum’s expectation that the country will be an increasingly important growth driver,” said Sara Senatore, analyst at Sanford C. Bernstein. Competitors to watch include: McDonald’s (NYSE:MCD), Chipotle Mexican Grill (NYSE:CMG), and Starbucks (NASDAQ:SBUX).
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