After-Hours Movers: Cisco, DLocal, CNH Industrial and More
Cisco Systems, Inc. (CSCO)
Q4 Earnings: Cisco Systems, Inc. (CSCO) reported earnings per share (EPS) of $1.33, beating analysts' expectations of $1.26. Revenue came in at $13.6 billion, also surpassing estimates of $13.5 billion.
Outlook: The company provided a positive outlook for the next quarter, forecasting EPS between $1.43 and $1.46 on revenue of $13.9 billion to $14.2 billion.
Stock Performance: CSCO shares rose 5% in after-hours trading following the earnings release.
DLocal Limited (DLO)
Q4 Earnings: DLocal Limited (DLO) reported EPS of $0.01, in line with analysts' expectations. Revenue exceeded estimates, reaching $174.2 million compared to the forecast of $162.1 million.
Growth Drivers: The company attributed its growth to strong performance in Latin America and the expansion of its e-commerce and payment solutions.
Guidance: DLO provided guidance for the next quarter, projecting revenue between $195 million and $205 million.
CNH Industrial N.V. (CNHI)
Q4 Earnings: CNH Industrial N.V. (CNHI) reported EPS of $0.68, exceeding analysts' expectations of $0.58. Revenue came in at $5.03 billion, also surpassing estimates of $4.94 billion.
Strong Performance: The company cited strong demand for its agricultural and construction equipment as key drivers of its financial performance.
Outlook: CNHI provided a positive outlook for 2023, projecting net sales growth of 15% to 19%.