July 4, 2022

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Cisco, Bath and Body Works, Synopsys

Cisco, Bath and Body Works, Synopsys

A man passes under the 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 The network company’s stock sank about 13% after hours, as Company A predicted sudden drop in revenue for the current quarter. Cisco also missed its fiscal third-quarter revenue forecast. The company reported adjusted earnings of 87 cents per share against Refinitiv’s consensus estimate of 86 cents per share.

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

Synopsys Software stock rose 4% in after-hours trading after the company reported a triple dividend. The company reported 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 on revenue of $1.26 billion.

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