Let’s check out the companies that are becoming a hot topic for after-hours trading. Cisco — Cisco shares rose more than 7% in after-hours trading after the networking company posted better-than-expected profits and revenue in first-quarter results. Cisco had revenue of $14.88 billion and earnings per share excluding items of $1. Analysts polled by LSEG had expected revenue of $14.77 billion and earnings of 98 cents per share. Firefly Aerospace — The Texas-based aerospace company’s stock price soared about 18% on the back of strong quarterly results. LSEG said the company posted a lower-than-expected adjusted loss in the third quarter, which exceeded revenue expectations for the same period. Firefly also said it expects fiscal 2025 revenue to be between $150 million and $158 million, higher than the $136 million expected by analysts surveyed by LSEG. Flutter Entertainment — Shares of Flutter Entertainment, the world’s largest sports betting and gambling company, fell 4% after the company reported strong profits but missed revenue expectations, according to LSEG estimates. FanDuel’s owner also lowered its full-year outlook, citing Gambler’s winning streak. Flutter has separately announced a new prediction market app, FanDuel Predicts, scheduled for release in December. Ibotta — Shares fell nearly 16% after the company announced disappointing fourth-quarter earnings guidance of $80 million to $85 million. Analysts had expected $84 million. Ibotta’s profit and revenue for the most recent quarter beat consensus estimates, according to analysts surveyed by LSEG. Webtoon Entertainment — The online comics platform’s stock plummeted 17% after Webtoon reported lower-than-expected revenue. The company earned 4 cents per share excluding items, on revenue of $378 million. Earnings beat analysts’ expectations for a loss of 12 cents per share, but revenue fell short of the $385 million expected by analysts surveyed by LSEG.
