revenue

Cisco stock plunges 17% as company forecasts surprising revenue decline

Cisco stock plunges 17% as company forecasts surprising revenue decline

Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected …

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Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue

Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue

Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped after its first-quarter revenue beat analysts’ expectations on Tuesday. Sea’s U.S.-listed shares rose 14% to close at $80.21 after the of Singapore-based internet firm reported revenue that exceeded analysts’ expectations in the first quarter this year. Here’s how the New York Stock Exchange-listed company …

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