Stock engines after working hours:
Cisco Systems (NASDAQ:CSCO) rose 5.6% after the company reported a strong second-quarter financial performance and provided an updated financial outlook. The company also announced its intention to reduce its workforce by 7%.
NKE rose 4.9% after investor Pershing Square, Bill Ackman’s company, disclosed a $229 million investment in the company.
Lumentum Holdings (LITE) rose 13% after the company reported higher earnings per share and better financial guidance for the second quarter than analysts expected. The company’s management stated that it has received the highest number of requests to date for data communication chips designed for use in data centers.
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AST SpaceMobile (ASTS) fell 3% after the company reported a second-quarter loss of one share larger than analysts had expected.
ULTA Beauty rose 12% after Warren Buffett, Berkshire Hathaway, invested $266 million in beauty retailer.
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