Finance

In this article

A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019.
Sergio Perez | Reuters

Check out the companies making headlines after the bell

Cisco Systems — Shares of the networking company sank nearly 13% after hours as the company forecasted a surprising decline in revenue for the current quarter. Cisco also missed revenue expectations in its fiscal third quarter. The company posted an adjusted profit of 87 cents per share versus the Refinitiv consensus estimate of 86 cents per share.

Bath & Body Works — The retailer saw shares fall more than 5% in extended trading after forecasting lower-than-expected second-quarter earnings. Bath & Body Works did, however, beat Wall Street estimates on the top and bottom lines in its first quarter. The company posted earnings of 64 cents per share on revenue of $1.45 billion. Analysts were expecting earnings of 53 cents per share on revenue of $1.43 billion, according to Refinitiv.

Synopsys — The software stock rose 4% in after-hours trading after the company reported3an earnings beat. The company posted an adjusted quarterly profit of $2.50 per share on revenue of $1.28 billion. Analysts surveyed by StreetAccount were expecting a profit of $2.37 per share on revenue of $1.26 billion.

Articles You May Like

Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
How to make your home hurricane resistant, as scientists predict an ‘extremely active’ storm season
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Biden administration forgives $6.1 billion in student debt for 317,000 former Art Institute students
Amgen stock soars on weight loss injection progress as Novo Nordisk, Eli Lilly shares slide