The man is holding a Cisco logo at the World Congress of Mobile Phones in Barcelona, Spain, February 25, 2019.
Sergio Perez Reuters
Check the companies that are the headlines after the call:
Cisco Systems – Shares of the network company fell nearly 13% after the company forecast a surprising decline in revenue this quarter. Cisco also did not achieve expected revenue in the third fiscal quarter. The company posted adjusted earnings of 87 cents per share compared to Refinitiv’s consensus estimate of 86 cents per share.
Bath & Body Works – Retail stocks fell more than 5% in extended trading after earnings forecast for the second quarter was lower than expected. However, in the first quarter, Bath & Body Works surpassed Wall Street estimates in terms of results and results. The company posted earnings of 64 cents a share on revenue of $ 1.45 billion. According to Refinitiv, analysts expected earnings of 53 cents per share on revenue of $ 1.43 billion.
Synopsys – Software stocks rose 4% in trading after the company reported lower profits. The company posted adjusted quarterly earnings of $ 2.50 per share on revenue of $ 1.28 billion. Analysts polled by StreetAccount expected earnings of $ 2.37 per share with revenue of $ 1.26 billion.