Cisco, DoorDash, Fastly and more
On the date of their IPO, New York City’s December 9, 2020, a DoorDash sign was displayed in a New York restaurant.
Carlo Allegri | Reuters
You can see the headline-grabbing companies after bell:
DoorDash — DoorDash shares surged more than 32% in after-hours trading despite a wider-than-expected quarterly loss. Wall Street was expecting a loss in the range of 25 cents per shares, but DoorDash reported a loss at 45 cents per shill. DoorDash’s revenue for the fourth quarter of 2014 was $1.3 billion, which is higher than expected.
Fastly — The cloud computing services provider saw its shares plunge more than 22% after hours even after a better-than-expected earnings report. On $97.7 million in revenue, Fastly suffered an adjusted loss 10 cents per share. According to Refinitiv, analysts expected a loss 16 cents per stock on revenues of $92.5 millions. Company guided for a greater-than-expected first quarter loss per share.
Cisco Systems — Shares of Cisco rose nearly 5% in extended trading after the company’s fiscal second-quarter reportWall Street’s expectations were exceeded. On revenue of $12.7 million, the company reported adjusted earnings of 84c per share. Refinitiv polled analysts to predict earnings of 81c/share on revenues of $12.65billion. Cisco offered a bright outlook for its remaining fiscal year.
Nvidia — Shares of Nvidia dipped more than 1% after hours despite a better-than-expected earnings report. The adjusted profit for the chipmaker was $1.32 per share, compared to $1.22 anticipated. Refinitiv also reported a record revenue. Analysts expected a slightly lower gross margin guidance for the first quarter.
TripAdvisor — TripAdvisor shares retreated 7.5% after hours as the company missed top and bottom-line expectations in its latest quarterly results. Refinitiv had predicted a loss of 8 cents per shares, but the adjusted loss was 1 cent. The revenue also fell below expectations.
Fisker — Shares of the electric vehicle maker gained 4.3% in extended trading after the company’s quarterly financial results met Wall Street expectations. Fisker lost 47 cents per share.
Applied Materials — The semiconductor stock rose 3.9% in extended trading after the company beat analysts’ earnings estimates. Applied Materials announced adjusted earnings of $1.89 per diluted share for first quarter revenues of $6.27 million. Analysts were expecting a profit in the range of $1.85 to $1.85 on revenue of $6.16billion.