(EMAILWIRE.COM, March 09, 2010 ) Dallas, Tx - Comerica Incorporated (NYSE:CMA) fell 2.50% to $35.40 after the company said it will offer $800 million in common shares with J.P. Morgan Securities Inc. as the book-running manager. The bank plans to grant the underwriters an option to purchase up to an additional 10% of the shares sold to cover over-allotments.
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TiVo Inc. (NASDAQ:TIVO) shares rose 0.25% to $17.12 after the company reported a widened loss in the fourth-quarter. The company said it lost $10.2 million, or 9 cents a share, compared with a loss of $3.6 million, or 4 cents a share, in the same period a year earlier. Service and technology revenues declined to $45.3 million from $48.5 million. Analysts were expecting a loss of 12 cents a share on service and technology revenues of $44.3 million. TiVo said it expects a first-quarter loss of $19 million to $21 million on service and technology revenues in the range of $41 million to $43 million.
H&R Block, Inc. (NYSE:HRB) slid 2.77% to $16.13 after its net income in third-quarter jumped 6.75% to $50.6 million, or 15 cents a share, compared with $47.4 million, or 14 cents a share, a year ago quarter. Revenue decreased 5.90% to $934.9 million from $993.4 million. Analysts were expecting the company to report earnings of 14 cents a share on revenue of $950 million.
Microvision, Inc. (NASDAQ:MVIS) plunged 15.55% to $2.39 after the company posted a narrower quarterly loss that was in line with analysts' view, but revenue fell short of market expectations. Fourth-quarter net loss was $8.7 million, or 11 cents per share, compared with $9.9 million, or 15 cents per share, a year earlier. Revenue fell 36 percent to about $0.97 million.
Analysts expected a loss of 11 cents a share, excluding exceptional items, on revenue of $1.1 million, according to Thomson Reuters I/B/E/S.
Contract revenue fell about 57 percent to $0.48 million.
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