In this photo illustration, a hand holding a TV remote points to a screen that displays the Roku logo.
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Find out which businesses are making headlines after hours.
Roku – Shares soared about 12% after Roku broke the top and bottom lines in its most recent quarter. The streaming device company reported a loss of $1.70 per share, better than the $1.73 per share forecast by analysts polled by Refinitiv. Roku posted revenue of $867 million, above the consensus estimate of $802 million.
Cisco Systems – Shares rose 4% in extended trading after Cisco Systems beat expectations in its latest results. The digital communications company reported earnings of 88 cents per share, slightly higher than Refinitiv’s consensus estimate which indicated earnings per share of 86 cents. Cisco reported revenue of $13.59 billion, beating expectations of $13.43 billion.
Twilio — The stock jumped 12% in extended trading after Twilio saw lower earnings. The communications tools maker reported revenue of $1.02 billion. Analysts polled by Refinitiv expected $1 billion in revenue.
Shopify – Shopify shares fell more than 6% after the e-commerce company released a softer-than-expected guidance for the current quarter. Otherwise, Shopify exceeded expectations in terms of highs and lows.
Zillow Group – Shares rose more than 2% after Zillow Group beat earnings and sales expectations. Zillow reported adjusted earnings of 21 cents per share on revenue of $435 million. Analysts polled by Refinitiv had expected earnings of 7 cents a share on revenue of $415 million.
boston beer – Shares fell more than 10% after the brewing company behind Samuel Adams released its latest quarter results. Boston Beer CEO Dave Burwick said revenue growth was “strong” but margins were below company expectations. Burwick added that Twisted Tea is seeing double-digit growth, while hard seltzer is in decline. “We have new initiatives in place to improve Truly share trends and adapt our cost structure to the current volume environment, which we believe will lead to long-term success,” he said. in a press release.
Synopsis – Shares fell more than 4% after Synopsys announced weaker-than-expected guidance for its fiscal second quarter. The silicon design company beat expectations for earnings in the first quarter, but revenue was in line with expectations.
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