Check out the companies making headlines in after-hours trading. Cisco Systems — Shares of Cisco Systems rose 6% after the networking company reported better-than-expected fourth-quarter profit and revenue and an upbeat forecast. Cisco reported adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts polled by LSEG expected earnings of 85 cents per share on revenue of $13.54 billion. This fiscal year, both revenue and profit fell from the previous year, the first decline since 2020. Ulta Beauty – Warren Buffett’s Berkshire Hathaway acquired a new stake in the cosmetics company worth $266 million, according to a 13F regulatory filing, a move that will boost Berkshire’s It was only a small stake, and the company’s stock price rose by about 12%. Snowflake – Shares of the cloud company fell 1% after Berkshire Hathaway completely dissolved its stake in Snowflake in the second quarter, according to the latest regulatory filing. Nike — Shares of Nike rose more than 5% after Bill Ackman’s Pershing Square announced it was acquiring a new stake in the athletic apparel and sneaker company. Lumentum Holdings — Shares of Lumentum Holdings soared nearly 14% after the optical products supplier beat fourth-quarter profit and revenue estimates. Lumentum reported earnings excluding items of 6 cents per share, while analysts polled by FactSet forecast earnings of 2 cents per share. Revenue for the quarter was $308.3 million, exceeding analysts’ expectations of $301.4 million.
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