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 gained nearly 9% in after-hours trading on the back of better-than-expected results for the quarter of its fiscal year. The company recorded 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 released fiscal second quarter earnings guidance that exceeded expectations.
Disney – Disney +’s 73 million subscribers popped media giant’s shares 6% after Disney + reported. The company expected smaller-than-expected losses for the previous quarter. Disney reported a loss of 20 cents per share on revenue of $ 14.71 billion. Analysts were expecting a loss of 71 cents per share on revenue of $ 14.2 billion.
Palantir – Palantir reported a 52% year-on-year sales growth in its first earnings statement as a public company. The data analytics company has also increased its full-year revenue guidance. However, the stock lost more than 3% after hours.
Unity Software – Unity shares fell more than 3% even after the software company reported the least loss over the previous quarter. Analysts also estimate the company’s revenue. Ekta released more guidelines than expected for the fourth quarter.
Applied Materials – Chipmaker’s stock was up more than 2% in after-hours trading following better-than-expected quarterly results. Applied Materials reported earnings of $ 1.25 per share on revenue of $ 4.69 billion. Analysts were expecting 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.