Chuck Robbins, CEO of Cisco Systems, delivered a speech at the World Economic Forum in Davos, Switzerland on January 21, 2020.
Check out the companies that made the headlines after get off work on Thursday:
Cisco Systems-Cisco’s stock price rose by nearly 9% in after-hours trading, thanks to better-than-expected performance in the first quarter. The company reported earnings per share of 76 cents and revenue of $1
After Disney-Disney reported that its streaming service Disney + with 73 million paid subscribers, the media giant’s stock rose 6%. The company also announced a smaller-than-expected loss in the previous quarter. Disney reported a loss of 20 cents per share and revenue of $14.71 billion. Previously, the market had expected the company to lose 71 cents per share on average and revenue of 14.2 billion US dollars.
Palantir-Palantir reported a 52% year-on-year sales growth in the first income statement of a listed company. The data analysis company has also increased its full-year revenue guidance. However, the stock fell more than 3% in after-hours trading.
Unity Software — Even though the software company reported a lower-than-expected loss in the previous quarter, its stock price fell by more than 3%. The company’s revenue also exceeded analyst expectations. Unity also released better-than-expected revenue expectations for the fourth quarter.
Applied Materials-In the case of better-than-expected quarterly results, the chip maker’s stock rose more than 2% in after-hours trading. Applied Materials reported earnings per share of US$1.25 and revenue of US$4.69 billion. On average, analysts expect the company to earn $1.17 per share and revenue of $4.6 billion for the quarter. The company’s semiconductor systems division’s revenue was $3.07 billion, higher than FactSet’s estimate.