Stock Market
Stocks making the biggest moves after hours: CSCO, FLUT, FLY
Published
10 months agoon
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admin
Check out the companies making headlines in after-hours trading. Cisco — Shares of Cisco gained more than 7% in extended trading after the networking company posted better-than-expected profit and revenue for its fiscal first quarter. Cisco earned $1 per share, excluding items, on $14.88 billion in revenue, while analysts polled by LSEG expected 98 cents per share on $14.77 billion in revenue. Firefly Aerospace — The Texas-based aerospace company saw its shares soar about 18% on the back of strong quarterly results. The company posted a narrower-than-expected adjusted loss for the third quarter and exceeded revenue expectations for the period, according to LSEG. Firefly also said it expects fiscal year 2025 revenue to come out between $150 million to $158 million, higher than the $136 million forecast from analysts polled by LSEG. Flutter Entertainment — Shares of Flutter Entertainment, the world’s largest sports betting and gambling company, fell 4% after the company reported a hefty earnings beat but missed revenue expectations, according to LSEG estimates. The Fanduel owner also cut its full-year guidance, citing winning streaks from gamblers. Flutter separately announced its new prediction markets app, FanDuel Predicts, expected to launch in December. Ibotta — The stock dropped nearly 16% after the company issued disappointing fourth-quarter revenue guidance of between $80 million and $85 million. Analysts had expected $84 million. Ibotta’s earnings and revenue for its most recent quarter beat consensus expectations, according to analysts polled by LSEG. Webtoon Entertainment — Shares of the online comics platform plunged 17% after Webtoon reported weaker-than-expected revenue. The company earned 4 cents per share, excluding items, on $378 million in revenue. While earnings came out higher than the 12 cents per share loss analysts expected, revenue fell short of the $385 million forecast from analysts surveyed by LSEG.
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