Trading News

Stocks making the biggest moves after hours: Nvidia, Cisco Systems, Victoria’s Secret and more

0

Nvidia founder, President and CEO Jen-Hsun Huang

Getty Images

Check out the companies making headlines after the bell:

Nvidia — Shares of the chip stock gained about 3% in extended trading after issuing strong fourth quarter revenue guidance and beating on the top and bottom lines of its quarterly results. Nvidia reported EPS of $1.17 per share, compared to estimates of $1.11 per share, according to Refinitiv. The company made $7.1 billion in revenue, more than the expected $6.83 billion.

Sonos — Shares of Sonos rose 4% in after hours trading after issuing strong full-year revenue guidance. The music device company also reported a loss of cents per share last quarter, in-line with estimates, according to Refinitiv. Revenue fell short of analysts” forecasts.

Cisco Systems — Shares of the technology company dropped 6% in after hours trading after issuing next quarter earnings guidance at the low end of estimates. Cisco Systems called for revenue growth between 4.5% and 6.5% in the second quarter, below estimates of 7.4%, according to Refinitiv. Fiscal first quarter earnings beat expectations but revenue fell short of estimates.

Victoria’s Secret –Shares of the lingerie company popped 14% in after hours trading after reporting quarterly earnings of 81 cents per share. Revenue came in at $1.44 billion, missing estimates of $1.46 billion, according to Refinitiv.

Bath & Body Works — Shares of the beauty company rose slightly in extended trading after reporting a quarterly profit of 66 cents per share. Bath & Body Works made $1.68 billion in revenue last quarter, topping estimates of $1.6 billion, according to Refinitiv.

PayPal shares drop after Bernstein downgrades stock amid rising competition

Previous article

Cisco reports disappointing revenue and issues forecast that misses estimates

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Trading News