Shares making the biggest actions after hours: Cisco, AIG, Yelp and extra

Uncover the businesses that make the one after the bell:

Cisco Programs shares jumped greater than four% after Wednesday's hours after posting better-than-expected earnings within the second quarter. The tech firm beat on the highest and backside strains. They reported a revenue of 73 cents on revenues of $ 12.45 billion. Wall Road has estimated earnings at 72 cents on an earnings of $ 12.41 billion. The corporate has launched earnings per share steering for the third quarter between 76 cents and 78 cents. Wall Road has estimated 77 cents per share. Additionally they estimated that income development can be between four and 6 p.c, in comparison with three p.c for analysts. The corporate has elevated its inventory repurchase plan by $ 15 billion.

AIG shares fell by greater than three% after which traded flat after the insurance coverage firm recorded a shock loss. AIG posted a lack of 63 cents per share, in comparison with analysts' 42-cent earnings. The corporate's common supervisor, Brian Duperreault, mentioned the outcomes have been "impacted by internet losses on various investments in addition to fairness investments ensuing from the excessive volatility of credit score markets and the unfavorable efficiency of credit score markets. actions. " Revenues exceeded 12.56 billion dollars, towards 12.12 billion dollars forecast by analysts. The corporate additionally introduced a $ 2 billion inventory repurchase plan.

Yelp shares went up 10% after hours, after exceeding estimates. The corporate had gross sales of $ 244 million within the fourth quarter, in comparison with $ 241 million estimated by analysts. The earnings per share was 37 cents, an amazing estimate of 10 cents. The corporate additionally introduced a $ 250 million enhance in its buyback program.

NetApp shares fell 7% after market shut on Wednesday, after combined outcomes for the third quarter and weak fourth quarter income forecasts. Earnings per share have been $ 1.20, exceeding estimates of 5 cents. Income was $ 1.56 billion, down from about $ 1.60 billion.

MGM Resorts shares rose four% after market shut on Wednesday after fourth-quarter earnings. The resort enterprise posted a revenue of 14 cents per share, exceeding the 13-cent estimate. Income reached $ three.05 billion, exceeding estimates of $ 2.98 billion.

CenturyLink shares fell 10% after Wednesday's hours after reducing their dividend by greater than 50% from $ 2.17 to $ 1. The communications providers firm gained 37 cents a share, in contrast with an estimated 32 cents. Fourth quarter revenues have been according to estimates at $ 5.78 billion.

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