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Home Bussiness Stocks making the biggest moves after hours: Cisco, Applied Materials, MGM Resorts...

Stocks making the biggest moves after hours: Cisco, Applied Materials, MGM Resorts and more

Cisco Methods headquarters

Getty Photographs

Are attempting the companies making headlines after the bell:

Cisco Methods – Shares of the networking hardware company dropped 4% in prolonged shopping and selling despite reporting stable second-quarter outcomes that beat analysts’ estimates. Cisco reported earnings of 77 cents a portion excluding some objects on revenue of $12.01 billion whereas analysts expected earnings of 76 cents a portion on revenue of $11.98 billion, in accordance with Refinitiv. Earnings for Cisco’s two excellent enterprise segments, Infrastructure Platforms and Functions, were both down 8% one year over one year, coming in at $6.5 billion and $1.3 billion, respectively.

Applied Provides –The semiconductor company’s stock rose 3% in prolonged shopping and selling after the company reported stable first-quarter outcomes that beat analysts’ estimates. Applied Provides earned 98 cents per portion excluding some objects, which changed into 5 cents a portion above estimates, in accordance with Refinitiv. The corporate reported revenue of $4.16 billion whereas analysts expected $4.11 billion, in accordance with Refinitiv. Second-quarter guidance changed into additionally above estimates on both the head and backside traces.

MGM Resorts World – Shares of the hospitality company whipsawed in prolonged shopping and selling after the company launched CEO Jim Murren would step down after which reported fourth-quarter monetary outcomes. The stock changed into up when the company launched a succession conception for Murren, then fell when the monetary outcomes were launched, losing 3% under Wednesday’s closing heed. Earnings changed into in-line with Wall Avenue forecasts, with MGM reporting $3.19 billion.

TripAdvisor – Shares of the win dart company rose 4% in prolonged shopping and selling after the company reported stable fourth-quarter outcomes that beat analysts’ estimates. The corporate reported earnings of 38 cents per portion on revenue of $335 million whereas analysts expected 33 cents per portion on revenue of $334 million, in accordance with Refinitiv. Third-quarter total revenue declined 3% one year-over-one year, in fragment resulting from weak point within the hotels and media segment, in accordance with numbers outlined within the company’s file.

NetApp – The cloud knowledge products and providers and knowledge administration company’s stock plummeted 12% in prolonged shopping and selling after the company reported weaker-than-expected third-quarter outcomes. NetApp reported earnings of $1.16 per portion excluding optimistic objects, whereas analysts expected $1.18 a portion, in accordance with Refinitiv. Earnings changed into additionally under Wall Avenue forecasts, with NetApp reporting $1.40 billion whereas analysts expected $1.46 billion, in accordance with Refinitiv.

Centurylink – Shares of the world technology company dropped 4% in prolonged shopping and selling despite the company’s beat on revenue in its fourth quarter. The corporate reported $5.57 billion in revenue whereas analysts expected $5.55 billion, in accordance with FactSet. Earnings matched analyst estimates at 33 cents per portion, in accordance with FactSet.

Alternate Healthcare – The knowledge technology products and providers company’s stock fell 2% in prolonged shopping and selling after the company missed analysts’ estimates on revenue in its third quarter. The corporate reported earnings of 33 cents per portion excluding some objects on revenue of $808.2 million whereas analysts expected earnings of 31 cents per portion on revenue of $812.8 million, in accordance with FactSet.

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