Check out the companies making headlines in extended trading.
Take-Two Interactive Software — Shares rose 8.1% Wednesday in after-hours trading. The video game company reported $1.39 billion in adjusted revenue in the fourth quarter, beating analysts’ estimates of $1.34 billion, according to Refinitiv. At the same time, the company’s estimates for bookings in the first quarter and the full year missed Wall Street’s expectations.
Boot Barn Holdings — Shares of the cowboy boot company fell nearly 16% after revenue fell short of analysts’ expectations for the fourth quarter. Boot Barn reported earnings of $1.51 per share, excluding items on revenue of $425.7 million. Meanwhile, analysts polled by FactSet had expected earnings of $1.44 per share and $441.2 million in revenue. The boot retailer’s full-year guidance also fell short of analysts’ estimates.
Synopsis — The software company’s stock was up 1.9% Wednesday night. Synopsys’ second-quarter fiscal results and earnings beat Wall Street expectations, according to FactSet. The company reported $1.4 billion in revenue, while analysts had estimated $1.38 billion. Synopsys also reported earnings per share of $2.54, excluding items, beating analysts’ estimates of $2.48 per share. Synopsys also raised its full-year guidance for profit and revenue growth.
Cisco Systems — Shares fell nearly 4% despite the company reporting a third-quarter profit and revenue beat. Cisco reported adjusted earnings of $1 per share and $14.57 billion in revenue. Analysts had estimated earnings of 97 cents per share and $14.39 billion in revenue, according to Refinitiv.