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 limited company income statement. 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.