Cisco (CSCO): Shares rose in extended trading after the company reported solid quarterly revenue and released full-year guidance. Cisco currently has revenue growth of 4.5% to 6.5%, up from its previous forecast of 4% to 6%. “Our fiscal year 2023 is off to a good start as we delivered our largest quarterly revenue and second highest non-GAAP quarterly earnings per share,” CEO Chuck Robbins wrote in the report. two in our history”.
Competitor Juniper Networks (JNPR) and the Arista Network (NET) initially increased in terms of results.
Nvidia (NVDA): The chipmaker’s third-quarter revenue beat Wall Street estimates, thanks to a 31% increase in Data Center sales year-over-year. Revenue in that segment was $3.83 billion while revenue from games was $1.57 billion, down 51% from a year ago.
Sonos (SONO): Sonos reported a loss and lower-than-expected revenue of $316.3 million, well above analyst estimates. The company also allows a new stock buyback program of up to $100 million. In the earnings report, Sonos CEO Patrick Spence noted steady trends in the fourth quarter and a “good early response” to their latest product.
Body hygiene (BBWI): Shares jumped after the company raised its full-year profit outlook. BBWI sees full-year diluted operating-per-share earnings in the range of $3.00 to $3.20, compared with the previous guidance forecast of $2.70 to $3.00. Net sales for the quarter were $1.60 billion, down 5% from a year.
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