After-hours buzz: CSCO, LB, NTAP & more
Check out the companies making headlines after the bell:
Shares of Cisco Systems fell 1 percent in extended trading after the company announced fiscal fourth-quarter earnings and plans to cut up to 5,500 workers.
The layoffs are part of a restructuring amid the network company's core market shift from hardware to software.
Cisco also reported fourth-quarter earnings of 63 cents per share ex-items on revenues of $12.64 billion, compared to analysts' estimates of 60 cents per share on revenues of $12.57 billion, according to a Thomson Reuters consensus estimate.
L Brands popped more than 3 percent after hours after it reported second-quarter earnings and revenue that beat estimates.
The apparel company reported earnings of 70 cents per share ex-items on revenues of $2.89 billion, compared to analysts' estimates of 59 cents per share on revenues of $2.84 billion, according to a Thomson Reuters consensus estimate.
NetApp was up more than 5 percent in extended trading after the company's first-quarter earnings and revenue beat.
The data management company reported first-quarter earnings of 46 cents per share ex-items on revenues of $1.26 billion. Analysts had expected 36 cents per share on revenues of $1.26 billion, according to a Thomson Reuters consensus estimate.
Agilent Technologies slipped more than 4.5 percent in after hours following the company's third-quarter revenue miss.
Agilent reported third-quarter earnings of 49 cents per share ex-items on revenues of $1.04 billion. Analysts expected 47 cents per share on revenue of $1.05 billion, according to a Thomson Reuters consensus estimate.
YY gained 2.5 percent in extended trading following the company's announcement of second-quarter results and a new CEO.
The live streaming platform reported a second-quarter revenue increase of 45.9 percent to $298 million. The revenue growth was primarily driven by the year-over-year increases in the number of paying users. The online music and entertainment business segments grew its paying user base more than 50 percent to 2.8 million, compared to the prior-year period.