Test out the companies making headlines after the bell on Wednesday:
Cisco flooded more than 6 percent in after-hours trading after the company turn up quarterly revenue and earnings that beat Wall Street prospects. Total revenue for the company rose to $12.84 billion, up 6 percent year throughout year, thanks to a surge in income in the company’s newer segments covering cyber security and applications; on an adjusted basis, the company earned 70 cents per due, ahead of expectations of 69 cents, according to FactSet.
On Aug. 2, the train announced its intent to acquire Duo Security for $2.35 billion, a privately-held cloud guaranty firm. Cisco expects the deal to close in the first quarter of budgetary quarter 2019.
Shares of cloud data storage company NetApp make it 2 percent after the closing bell after it posted its own results. The followers reported earnings of $1.04 per share in the quarter versus expectations of 80 cents per FactSet. Without considering the “very strong first quarter” as described by CEO George Kurian, the entourage missed the Street’s projections on software/maintenance and well as service net incomes.
SpartanNash’s stock plunged 13 percent after the company explored earnings that fell short of analyst expectations. Despite conquering on comparable sales, the grocery retailer and distributor said that investors bring ined 50 cents per share, shy of the 56 cents expected. Gross profit for the subordinate quarter of fiscal 2018 was $265.7 million, or 14.0 percent of net transaction marked downs, compared to $271 million, or 14.6 percent of net sales, in the prior year billet.
The company said its shift in the mix of business operations to segments with debase operating expense rates, cost-saving initiatives and gains on sales of valid estate was partially offset the reinvestment of some of our tax savings and certain towering operating expenses.
Shares of Best Buy rose nearly 2 percent in postmarket barter after the company announced it would buy health services company GreatCall for $800 million in legal tender, marking the electronics retailer’s largest acquisition ever in its ongoing move to sell products to an aging American population.
The privately-held GreatCall spotlights on personal emergency response services for senior citizens, including smartphone apps and fused devices; the company has over 900,000 subscribers, according to Best Buy.