Stocks making the biggest moves after hours: Cisco, Wolfspeed & more

Stocks making the biggest moves after hours: Cisco, Wolfspeed & more


A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022.

Paresh Dave | Reuters

Check out the companies making headlines in after hours trading:

Cisco — Shares of the networking company advanced more than 3% following Cisco’s fiscal fourth-quarter results. The company earned 83 cents per share excluding estimates, which was one cent above what analysts surveyed by Refinitiv were expecting. Revenue also topped expectations, coming in at $13.1 billion compared with the average estimate of $12.73 billion.

Wolfspeed — Wolfspeed shares jumped 17% in late trading Wednesday following the company’s fiscal fourth-quarter results. Wolfspeed lost 2 cents per share excluding items, which was less than the 10-cent per share loss analysts surveyed by Refinitive were expecting. The chip company posted revenues of $229 million, ahead of the $208 million estimate.

Keysight Technologies — Shares of the network company added 3% after Keysight’s third-quarter results. The company earned $2.01 per share excluding items during the period, while Wall Street analysts were expecting $1.79 per share, according to estimates compiled by StreetAccount.



Source

‘Job hugging’ has replaced job hopping, consultants say
Finance

‘Job hugging’ has replaced job hopping, consultants say

Key Points Workers are “job hugging,” or clinging to their jobs “for dear life,” according to consultants. They may be nervous to move to new opportunities in the current labor market. Employers have also pulled back on hiring. Source

Read More
Stocks making the biggest moves midday: UnitedHealth, Applied Materials, Sandisk and more
Finance

Stocks making the biggest moves midday: UnitedHealth, Applied Materials, Sandisk and more

Check out some of the companies making the biggest moves midday: UnitedHealth — The health insurer rallied 14% after Warren Buffett’s Berkshire Hathaway revealed a stake of five million shares, worth about $1.6 billion. The “Big Short” investor Michael Burry and Appaloosa Management’s David Tepper also disclosed sizable stakes in the company. If the UNH […]

Read More
Fed’s Goolsbee sees ‘note of unease’ as central bank looks to next interest rate move
Finance

Fed’s Goolsbee sees ‘note of unease’ as central bank looks to next interest rate move

Key Points Chicago Fed President Austan Goolsbee said a mixed bag of inflation data coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates. “We’ve got to get some clarity from the numbers,” Goolsbee, an FOMC voter this year, said during a CNBC interview. Source

Read More