Nvidia, Cisco, Sonos and extra

Cisco (CSCO): Shares rose in prolonged buying and selling after the corporate reported strong quarterly gross sales and raised its full-year steering. Cisco now sees income progress of 4.5% to six.5%, up from its prior forecast of 4% to six%. “Our fiscal 2023 is off to a great begin as we delivered the biggest quarterly income and second highest quarterly non-GAAP earnings per share in our historical past,” CEO Chuck Robbins wrote within the report.

Opponents Juniper Networks (JNPR) and Arista Networks (ANET) initially rose on the outcomes.

Nvidia (NVDA): The chipmaker’s third-quarter income topped Wall Avenue estimates, pushed by a 31% year-over-year soar in Knowledge Heart gross sales. Income in that phase was $3.83 billion whereas gaming income was $1.57 billion, down 51% from a yr in the past.

Sonos (SONO): Sonos reported a narrower-than-expected loss and income of $316.3 million, topping analyst estimates. The corporate additionally approved a brand new inventory repurchase program of as much as $100 million. Within the earnings launch, Sonos CEO Patrick Spence famous developments stabilized within the fourth quarter and ‘a great early response’ to its newest product.

Tub & Physique Works (BBWI): Shares soared after the corporate raised its full-year revenue outlook. BBWI sees full-year earnings from persevering with operations per diluted share between $3.00 and $3.20, in comparison with its prior steering forecast of $2.70 to $3.00. Web gross sales for the quarter was $1.60 billion, a decline of 5% from a yr.

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