Home / World / Stocks making the biggest moves after hours: Agios, Farfetch, Cisco

Stocks making the biggest moves after hours: Agios, Farfetch, Cisco



Luxury fashion items are displayed along with tablet devices at the launch of the emerging "Store of the Future" exhibition by Farfetch, at the Design Museum in London, U.K., on Wednesday, April 12, 2017.

Luke MacGregor | Bloomberg | false images

Take a look at the companies making headlines after the bell:

Shares of Cisco Systems rose more than 2.5% in extended trading on Wednesday, after the network hardware company reported results better than expected in the fourth quarter. Cisco reported earnings of 78 cents per share, 1 cent above Wall Street estimates and revenue of $ 12.96 billion, $ 70 million above estimates.

The company also provided strong guidance for the fourth quarter, as earnings per share and estimated revenues exceeded Refinitiv consensus estimates.

Farfetch shares fell 4% after the online luxury retailer reported mixed results in the first quarter. Farfetch reported a loss of 22 cents per share, worse than the expected loss of 16 cents per share, and an income of $ 174.1 million, higher than the $ 171.1 million expected, according to Refinitiv consensus estimates. The retailer reported a gross merchandise volume of $ 419 million, compared to analysts' estimates of $ 407 million.

Agios Pharmaceuticals shares rose more than 12% in post-closing operations after the drug maker announced the completion of the third phase of a global trial for its cancer drug, Tibsovo. The medication showed a statistically significant improvement in patients with leukemia whose cancer is at an advanced stage.

The company plans to present a full analysis of the trial to the European Society for the Medical Oncology Congress later this year, and will submit a new drug application by the end of 2019.

Virtusa's shares plummeted almost 24%. after the information technology company reported the results of the fourth quarter that failed in the upper and lower lines. The company reported earnings of 46 cents per share on revenues of $ 328 million, while analysts surveyed by Refinitiv expected earnings of 62 cents per share on revenues of $ 331 million. Virtusa also issued EPS and an income guide for the first quarter and for the fiscal year 2020 that came below the Wall Street estimates.

Flowers Foods shares rose 5% after the baked goods maker reported quarterly sales rose 4.8% to $ 1.26 billion.

Dillard shares fell 8% after the retailer reported first-quarter earnings. The reported earnings of Dillard of $ 2.99 per share and revenues of $ 1.5 billion, in line with expectations.


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