Let’s take a look at some of the companies that are catching our eye in after-hours trading. Cisco Systems — Shares rose 6% after the networking company reported better-than-expected fourth-quarter profits and revenue and also issued an optimistic outlook. Cisco reported adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts surveyed by LSEG had expected 85 cents per share and revenue of $13.54 billion. For the fiscal year, both revenue and profits fell from the prior year, marking the first decline since 2020. Cisco also announced it would cut 7% of its workforce worldwide. Ulta Beauty — Shares rose about 12% after Warren Buffett’s Berkshire Hathaway’s 13F regulatory filing revealed that the conglomerate had acquired $266 million worth of new stock in cosmetics company Ulta Beauty, a small position for Berkshire. Snowflake — The cloud company’s shares fell 1% after Berkshire Hathaway sold its entire stake in Snowflake in the second quarter, according to the company’s latest regulatory filing. Nike — Nike shares rose more than 5% after Bill Ackman’s Pershing Square announced a new investment in the sportswear and sneaker company. Lumentum Holdings — The optical products company’s shares surged nearly 14% after it reported fourth-quarter profit and revenue that beat expectations. Lumentum reported earnings of 6 cents a share excluding special items, while analysts surveyed by FactSet were expecting earnings of 2 cents a share. Quarterly revenue of $308.3 million beat analyst expectations of $301.4 million.
CSCO, ULTA, NKE, etc.
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