After-hours stock movers: Cisco, DoorDash, Fastly and others

After-hours stock movers: Cisco, DoorDash, Fastly and others
After-hours stock movers: Cisco, DoorDash, Fastly and others

Check out the companies making headlines after the bell:

Despite a wider-than-expected quarterly loss of 45 cents per share, DoorDash's shares surged more than 32% in after-hours trading. The delivery company's fourth-quarter revenue of $1.3 billion also beat estimates.

Despite a better-than-expected earnings report, Fastly's shares plummeted more than 22% after hours. The company posted an adjusted loss of 10 cents per share on revenue of $97.7 million, which was lower than the analysts' expectations of a loss of 16 cents per share on revenue of $92.5 million. Additionally, Fastly guided to a wider-than-expected first-quarter loss per share.

Cisco's shares increased by almost 5% in extended trading following the release of its fiscal second-quarter report, which exceeded Wall Street expectations. The company reported adjusted earnings of 84 cents per share on revenue of $12.7 billion. Analysts predicted earnings of 81 cents per share on revenue of $12.65 billion. Additionally, Cisco provided an optimistic outlook for the remainder of its fiscal year.

Despite a better-than-expected earnings report, Nvidia's shares dropped more than 1% after hours. The chipmaker's adjusted profit of $1.32 per share exceeded expectations, but revenue also topped the Refinitiv consensus estimate. However, first-quarter gross margin guidance was slightly lower than anticipated.

TripAdvisor's stock price dropped 7.5% after hours following the company's failure to meet top and bottom-line expectations in its latest quarterly results. Despite posting an adjusted loss of 1 cent per share, which was lower than the Refinitiv consensus of 8 cents earned per share, revenue also fell short of expectations.

Fisker's shares increased by 4.3% in extended trading after the company's quarterly financial results matched Wall Street expectations, despite posting a loss of 47 cents per share.

After beating analysts' earnings estimates, Applied Materials' semiconductor stock increased by 3.9% in extended trading. In the first quarter, the company reported adjusted earnings of $1.89 per share on revenues of $6.27 billion. Analysts had predicted a profit of $1.85 per share on revenues of $6.16 billion.

by Hannah Miao

markets