Companies make news in after-hours trading.
The maker of computer networking equipment beat expectations for its first-quarter earnings per share. The same indicators that were shown in the second quarter and full-year outlooks were also shown in the first quarter and full year outlooks. The non- GAAP gross and operating margins are expected to come in below expectations.
The company that remained after L Brands spun off Victoria's Secret jumped after third-quarter results doubled StreetAccount's per-share earnings estimate. It raised full-year guidance despite issuing fourth-quarter per-share earnings expectations that were in line with analysts.
After beating analysts' revenue expectations, the maker of high-end graphics processing units gained 2.5%. Revenue for the fourth quarter was slightly below expectations. An artificial intelligence super computer will be built by Microsoft and the graphics card maker.
The maker of multiroom audio systems added 2.5% after it beat expectations for its fourth-quarter earnings. In the fiscal year that ended in June, the company grew its total number of households by more than 10%.