After-Hours Action: Cisco, Agilent, NetApp And L Brands On The Move

U.S. stock markets closed slightly higher on Wednesday, following the Fed’s minutes, which showed a growing division over the interest rates policy.

Cisco Systems, Inc. CSCO announced its Q4 results, with EPS of $0.63 and revenue of $12.64 billion beating the Street’s consensus by $0.03 and $70 million, respectively. The company announced it would fire up to 7 percent of its workforce, or 5,500 employees, and issued somewhat disappointing guidance for the ongoing quarter.

Also down on its earnings report was Agilent Technologies Inc A, which lost more than 5 percent. While Q3 EPS of $0.49 beat estimates by $0.02, revenue of $1.04 billion missed them by $10 million. Guidance was also poor, with full year EPS of $1.89-$1.91, mostly below estimates of $1.91, and revenues of $4.14 billion to $4.16 billion under the Street’s consensus.

NetEase Inc (ADR) NTES lost 0.6 percent ahead of its earnings report. Analysts are expecting quarterly earnings of $2.64 per share on revenue of $1.25 billion.

NetApp Inc. NTAP and L Brands Inc LB were up 6.17 percent and 3.29 percent, respectively, since the market closed.

NetApp posted Q1 EPS of $0.46 on revenue of $1.29 million, beating expectations by $0.10 and $30 million, correspondingly.

L Brands delivered Q2 EPS of $0.70 on revenue of $2.89 billion, surpassing estimates by $0.11 and $30 million.