Stocks making the biggest moves after hours: Roku, Cisco Systems, Twilio and more

Stocks making the biggest moves after hours: Roku, Cisco Systems, Twilio and more


In this photo illustration, a hand holding a TV remote control points to a screen that displays the Roku logo.

Rafael Henrique | Lightrocket | Getty Images

Check out the companies making headlines after hours.

Roku — Shares spiked roughly 12% after Roku beat on the top and bottom lines in its latest quarter. The streaming device company reported a loss of $1.70 per share, better than the forecasted $1.73 per share from analysts polled by Refinitiv. Roku posted $867 million in revenue, greater than the consensus estimate of $802 million.

Cisco Systems — Shares advanced 4% in extended trading after Cisco Systems surpassed expectations in its latest earnings results. The digital communications company reported earnings of 88 cents per share, slightly higher than consensus estimate from Refinitiv that showed 86 cents earnings per share. Cisco reported revenue of $13.59 billion, better than expectations of $13.43 billion.

Twilio — The stock jumped 12% in extended trading after Twilio reported a revenue beat. The communications tools maker reported revenue of $1.02 billion. Analysts polled by Refinitiv were forecasting $1 billion in revenue.

Shopify — Shopify shares fell more than 6% after the e-commerce company issued lighter-than-expected guidance for the current quarter. Otherwise, Shopify beat expectations on the top and bottom lines.

Zillow Group — Shares added more than 2% after Zillow Group beat profit and sales expectations. Zillow reported adjusted earnings of 21 cents per share on revenue of $435 million. Analysts surveyed by Refinitiv were expecting earnings of 7 cents per share on revenue of $415 million.

Boston Beer — Shares dropped more than 10% after the brewing company behind Samuel Adams reported results from its latest quarter. Boston Beer CEO Dave Burwick said revenue growth was “strong,” but margins fell below the company’s expectations. Burwick added that Twisted Tea is experiencing double-digit growth, while hard seltzer is in decline. “We have new initiatives in place to improve Truly share trends and adapt our cost structure to the current volume environment, which we believe will lead to long-term success,” he said in a statement.

Synopsys — Shares declined more than 4% after Synopsys reported weaker-than-expected guidance for its fiscal second quarter. The silicon design company beat earnings expectations in the first quarter, but revenue came in line with expectations.



Source

Art market offers investors ‘escape’ from volatile stocks, Christie’s CEO says
Business

Art market offers investors ‘escape’ from volatile stocks, Christie’s CEO says

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The art market is about to face its biggest test since the November elections, with more than $1 billion of work […]

Read More
Candy giant Ferrero adds American twists to Nutella, Ferrero Rocher to fuel U.S. growth
Business

Candy giant Ferrero adds American twists to Nutella, Ferrero Rocher to fuel U.S. growth

Containers of Nutella hazelnut spread made by the Ferrero company is displayed on March 27, 2024 in San Anselmo, California.  Justin Sullivan | Getty Images News | Getty Images Ferrero North America is adding peanuts to its Nutella, turning its Ferrero Rocher spheres into squares and adding Dr Pepper flavor to Tic Tacs, all in […]

Read More
Bill Gates doubles giving to 0 billion, says philanthropists can’t cover government cuts
Business

Bill Gates doubles giving to $200 billion, says philanthropists can’t cover government cuts

Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission’s Berlaymont headquarters in Brussels on October 11, 2023. Simon Wohlfahrt | Afp | Getty Images Billionaire Bill Gates announced on Thursday that he will double his charitable giving to $200 billion over the next 20 years. In […]

Read More