Stocks making the biggest moves after hours: IBTA, CSCO, CNH
Check out the companies making headlines in extended trading. CNH Industrial — Shares popped nearly 8% after Greenlight Capital’s David Einhorn at CNBC’s Delivering Alpha conference told attendees he took a medium-sized position in the agricultural equipment company. Cisco Systems — Shares inched lower by less than 1% even after Cisco Systems posted a beat on the top and bottom lines in the fiscal first quarter. The San Jose, California-based tech company reported adjusted earnings of 91 per share on revenue of $13.84 billion. Analysts polled by LSEG forecast earnings of 87 cents per share on revenue of $13.77 billion. Ibotta — Shares tumbled nearly 17% even after a third-quarter beat on the top and bottom lines. The cash-back rewards platform reported third-quarter earnings of 51 cents per share on revenue of $98.6 million. Analysts surveyed by LSEG expected earnings of 35 cents per share on revenue of $94.1 million. Beazer Homes USA — Shares surged about 12% after the Atlanta-based homebuilder posted October sales that rose more than 30% compared to the prior year, reflecting a “growing community count,” the company said. Beazer Homes USA reported fiscal fourth-quarter results, with earnings of $1.69 per share on revenue of $806 million, results that were not comparable with Street estimates due to weak coverage of the stock. Sonos — Shares ticked down by less than 1% after the audio equipment maker posted fourth-quarter results. Sonos reported a loss of 44 cents per share on revenue of $255.4 million. The results were not comparable due to thin coverage.
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