Stocks Making Headlines After the Bell
Cisco Faces Declining Revenue and Job Cuts
The technology giant, Cisco, witnessed a staggering 5% drop in its stock price after revealing its fiscal third-quarter guidance, which indicated a decline in revenue. In addition, Cisco announced a restructuring plan that will result in a 5% reduction in jobs.
Applovin Surges with Strong Q4 Results
Applovin, a tech company, experienced a remarkable surge of over 12% in its stock price following the release of its robust fourth-quarter results and forward guidance. Applovin reported earnings per share of 49 cents on a revenue of $953 million, surpassing analysts’ expectations of 35 cents per share on $928 million of revenue.
Twilio Falls Short on Revenue and Active Consumers
The consumer engagement company, Twilio, saw a decline of 10% in its share price after releasing revenue guidance for the current quarter that fell below market expectations. Twilio predicted a revenue range of $1.025 billion to $1.035 billion, while analysts surveyed by LSEG had anticipated $1.049 billion. Moreover, the active consumer count also fell short, with 305,000 active consumers compared to the expected 311,000.
Albemarle Faces Quarterly Decline in Net Sales
Albemarle, a lithium producer, experienced a 4% drop in its stock price after providing a quarterly update. In the fourth quarter, the company reported a 10% decrease in net sales compared to the previous year and attributed the loss to a pre-tax charge and a tax valuation charge in China.
Tripadvisor Leaps with Impressive Q4 Earnings
Tripadvisor, the renowned travel planning company, saw a 7% increase in its stock price due to its exceptional adjusted earnings in the fourth quarter. With earnings per share of 38 cents on a revenue of $390 million, Tripadvisor surpassed forecasted earnings of 22 cents per share and revenue of $374 million.
Informatica Exceeds Expectations in Q4
Informatica, an enterprise technology company, achieved an 11% jump in its stock price as a result of a stronger-than-expected fourth quarter. Informatica reported adjusted earnings per share of 32 cents on a revenue of $445 million, surpassing analysts’ expectations of 30 cents per share on $432 million of revenue.
JFrog Outperforms Q4 Projections
JFrog, a software company, experienced a remarkable 13% increase in its stock price following the release of its fourth-quarter report, which exceeded expectations. JFrog reported adjusted earnings per share of 19 cents on a revenue of $97 million, outperforming the anticipated 12 cents per share on $93 million of revenue.
NerdWallet Faces Surprising Q4 Loss
NerdWallet, a personal finance stock, suffered an 8.7% decline in its stock price after reporting an unexpected fourth-quarter loss. NerdWallet reported a loss of 3 cents per share, while analysts had predicted positive earnings per share of 10 cents, according to LSEG.
Fastly’s Revenue Falls Short, Stock Declines
Fastly, a cloud computing stock, witnessed a decline of nearly 23% in its share price due to signs of weakening sales growth. Its fourth-quarter revenue of $138 million fell short of Wall Street expectations of $140 million, according to LSEG. The company also projected a likely sequential decline in revenue for the current quarter.
