Take a look at the businesses making headlines after the bell:
Cisco Methods — Shares of the networking firm sank practically 13% after hours as the corporate forecast a stunning decline in income for the present quarter. Cisco additionally missed income expectations in its fiscal third quarter. The corporate posted an adjusted revenue of 87 cents per share versus the Refinitiv consensus estimate of 86 cents per share.
Bath & Body Works — The retailer noticed shares fall greater than 5% in prolonged buying and selling after forecasting lower-than-expected second-quarter earnings. Bath & Body Works did, nonetheless, beat Wall Avenue estimates on the highest and backside strains in its first quarter. The corporate posted earnings of 64 cents per share on income of $1.45 billion. Analysts had been anticipating earnings of 53 cents per share on income of $1.43 billion, in response to Refinitiv.
Synopsys — The software program inventory rose 4% in after-hours buying and selling after the corporate reported an earnings beat. The corporate posted an adjusted quarterly revenue of $2.50 per share on income of $1.28 billion. Analysts surveyed by StreetAccount had been anticipating a revenue of $2.37 per share on income of $1.26 billion.
