Check out the companies making headlines in extended trading.
Interactive Take Two software – Shares rose 8.1% in after-hours trading on Wednesday. According to Refinitiv, the video game company reported adjusted sales of $1.39 billion in the fiscal fourth quarter, beating analysts’ estimates of $1.34 billion. Meanwhile, the company’s estimates for first-quarter and full-year bookings fell short of Wall Street expectations.
Boot Barn Holdings — Shares of the cowboy boot maker plummeted nearly 16% after sales fell short of analysts’ expectations for the fiscal fourth quarter. Boot Barn reported earnings of $1.51 per share excluding items and on revenue of $425.7 million. Meanwhile, analysts polled by FactSet had expected earnings of $1.44 per share and revenue of $441.2 million. The shoe retailer’s full-year forecast also fell short of analysts’ estimates.
synopsis — The software company’s stock was up 1.9% on Wednesday night. According to FactSet, Synopsys’ fiscal second quarter earnings and revenue exceeded Wall Street expectations. The company reported revenue of $1.4 billion while analysts had put it at $1.38 billion. Synopsys also reported earnings up $2.54 per share (excluding items), beating analyst estimates of $2.48 per share. Synopsys also raised its full-year guidance for earnings and revenue growth.
Cisco systems – Shares fell nearly 4% even as the company reported earnings and sales growth for the fiscal third quarter. Cisco posted adjusted earnings per share of $1 and revenue of $14.57 billion. According to Refinitiv, analysts had estimated earnings per share of 97 cents and revenue of $14.39 billion.
https://www.cnbc.com/2023/05/17/stocks-moving-big-after-hours-ttwo-csco-snps.html
