Cisco Methods, Disney, Utilized Supplies, and extra
Chuck Robbins, CEO of Cisco Systems, speaks at the World Economic Forum in Davos, Switzerland, on January 21, 2020.
Check out the companies making headlines on Thursday after work:
Cisco Systems – Cisco shares rose nearly 9% in after-hours trading as fiscal first quarter results were better than expected. The company reported earnings per share of 76 cents on sales of $ 11.9 billion. Analysts were expecting a profit of 70 cents per share on sales of 11.85 billion US dollars. Cisco also released a second quarter earnings forecast that exceeded expectations.
Disney – The media giant’s shares rose 6% after Disney reported 73 million paid subscribers to its streaming service Disney +. The company also posted an unexpectedly small loss in the previous quarter. Disney reported a loss of 20 cents per share on sales of $ 14.71 billion. Analysts had expected a loss of 71 cents per share on sales of 14.2 billion US dollars.
Palantir – Palantir posted revenue growth of 52% year over year on its first public company profit and loss account. The data analytics firm has also raised its full-year revenue forecast. However, after hours the stock was trading more than 3% lower.
Unity Software – Unity stocks fell more than 3% even after the software company reported a less-than-expected loss for the previous quarter. The company’s sales also exceeded analyst estimates. Unity also issued a better than expected revenue forecast for the fourth quarter.
Applied Materials – The chipmaker’s stock rose more than 2% in after-hours trading, driven by better-than-expected quarterly results. Applied Materials reported earnings of $ 1.25 per share on sales of $ 4.69 billion. Analysts had expected earnings of $ 1.17 per share on sales of $ 4.60 billion. Sales for the company’s Semiconductor Systems division were $ 3.07 billion, exceeding a FactSet estimate.