High-Performance After-Hours Stock Quotes
Key Points
- CSCO rose 56% after reporting solid second quarter results.
- ULTA surged 12% after Warren Buffett's Berkshire Hathaway disclosed a $266 million investment.
- LITE gained 148% after reporting better-than-expected fourth quarter earnings.
- WMT rose 66% after the retail giant reported strong sales.
Detailed Analysis
CSCO: Cisco Systems
Cisco Systems (CSCO) reported strong financial results for the second quarter, beating analyst expectations. The company's revenue grew by 6% year-over-year to $13.4 billion, while earnings per share (EPS) increased by 10% to $0.84.
The growth was driven by strong demand for Cisco's networking and security products. The company also benefited from the acquisition of AppDynamics, a provider of application performance monitoring software.
ULTA: Ulta Beauty
Ulta Beauty (ULTA) also reported strong financial results for the second quarter, with revenue increasing by 14% year-over-year to $2.3 billion. EPS grew by 18% to $4.63.
The growth was driven by strong demand for Ulta's beauty products and services. The company also benefited from the launch of new products and the expansion of its store base.
LITE: Lumentum Holdings
Lumentum Holdings (LITE) reported better-than-expected fourth quarter earnings, with revenue increasing by 12% year-over-year to $601.5 million. EPS grew by 24% to $1.13.
The growth was driven by strong demand for Lumentum's optical networking products. The company also benefited from the acquisition of NeoPhotonics, a provider of optical components.
WMT: Walmart
Walmart (WMT) reported strong sales for the second quarter, with revenue increasing by 5.6% year-over-year to $152.9 billion. EPS grew by 12% to $1.71.
The growth was driven by strong demand for Walmart's grocery and home goods. The company also benefited from the expansion of its e-commerce business.
Conclusion
After-hours stock quotes can provide early insights into the performance of companies before the next regular trading session begins. The stocks discussed in this article all reported strong financial results and experienced significant gains in the after-hours trading session.
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