Stocks moving in after-hours: Roku, Zillow, Cisco, Shopify

Roku (ROKU)

Roku’s first quarter net revenue forecast of $700 million came in above analyst expectations of $687.1 million.

The streaming-related tech company’s fourth-quarter loss per share of $1.70 was narrower than the $1.74 expected by Wall Street analysts. Net revenue of $867.1 million came in above expectations of $804.5 million. The company added 4.6 million during its latest quarter.

Roku shares rose 11% in after hours.

Cisco (CSCO)

Cisco Systems shares jumped 10% after the networking tech giant’s third-quarter revenue guidance came in above Wall Street expectations.

The company sees third quarter revenue up 11% to 13% year-over-year. Cisco also raised its full year 2023 adjusted earnings per share view to $3.73-$3.78 from $3.51-$3.58.

Cisco’s second-quarter earnings per share of 88 cents beat estimates of 85 cents while $13.6 billion in sales came in line with expectations of $13.6 billion.

Zillow (Z)

Shares of Zillow moved up in after hours following the real estate website’s fourth-quarter revenue of $435 million, beating analyst expectations of $414.4 million.

The company posted adjusted earnings per share of 21 cents and average monthly unique visitors of 198 million versus estimates of 201 million.

Shopify (SHOP)

Shopify shares fell 5% in after hours following the e-commerce company’s first-quarter revenue guidance which came in below Wall Street expectations.

Fourth quarter revenue of $1.73 billion grew 26% year-over-year versus estimates of $1.65 billion. Adjusted earnings per share of 7 cents beat estimates of a loss per share of 2.5 cents.

Shopify announced price hikes for its merchants earlier this year. The stock is up more than 40% year-to-date.

Source: finance.yahoo.com