Cisco Systems, Disney, applied materials and more



[ad_1]

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

Check out the companies making headlines after Thursday hours:

Cisco Systems – Cisco shares rose nearly 9% after hours on 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 were expecting earnings of 70 cents a share on revenue of $ 11.85 billion. Cisco also released second quarter earnings guidance that beat expectations.

Disney – Shares of the media giant jumped 6% after Disney reported 73 million paying subscribers for its streaming service, Disney +. The company also posted a lower 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 a share on sales of $ 14.2 billion.

Palantir – Palantir reported 52% year-over-year sales growth in its first report as a public company. The data analytics company also upped its revenue forecast for the full year. However, the stock was trading more than 3% less 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 exceeded analysts’ estimates. Unity also released better-than-expected revenue guidance for the fourth quarter.

Applied Materials – The chipmaker’s stock rose more than 2% after hours 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 had expected earnings of $ 1.17 a share on revenue of $ 4.60 billion. Revenues for the company’s semiconductor systems division were $ 3.07 billion, beating a FactSet estimate.

[ad_2]

Source link