Stocks making the biggest moves after the bell: Cisco Systems, Disney, Applied Materials & more

Finance

Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020.

Check out the companies making headlines after hours on Thursday:

Cisco Systems — Cisco shares rallied nearly 9% in after-hours trading on the back of better-than-expected results for its fiscal first quarter. The company reported earnings per share of 76 cents on revenue of $11.9 billion. Analysts expected a profit of 70 cents per share on revenue of $11.85 billion. Cisco also issued fiscal second-quarter earnings guidance that exceeded expectations.

Disney — Shares of the media giant popped 6% after Disney reported 73 million paid subscribers for its streaming service, Disney+. The company also posted a smaller-than-expected loss for the previous quarter. Disney reported a loss of 20 cents per share on revenue of $14.71 billion. Analysts expected a loss of 71 cents per share on revenue of $14.2 billion.

Palantir — Palantir reported year-over-year sales growth of 52% in its first earnings statement as a public company. The data analytics company also hiked its full-year revenue guidance. However, the stock traded more than 3% lower after hours.

Unity Software — Unity shares fell more than 3% even after the software company reported a smaller-than-expected loss for the previous quarter. The company’s revenue also topped analyst estimates. Unity also issued better-than-expected revenue guidance for the fourth quarter.

Applied Materials — The chipmaker’s stock was up more than 2% in after-hours trading on the back of better-than-expected quarterly results. Applied Materials reported earnings of $1.25 per share on revenue of $4.69 billion. Analysts expected a profit of $1.17 per share on revenue of $4.60 billion. Revenue from the company’s semiconductor systems division came in at $3.07 billion, topping a FactSet estimate.

Articles You May Like

73% of workers worry Social Security won’t be able to pay retirement benefits. Here’s what advisors say
Data centers powering artificial intelligence could use more electricity than entire cities
Walmart hikes its outlook again as shoppers spend more outside the grocery aisles
Snowflake rockets 32%, its best day ever, after earnings beat
Comcast will announce the spinoff of cable networks Wednesday, sources say

Leave a Reply

Your email address will not be published. Required fields are marked *