Cisco, Monster Beverage: After-Hours Headlines
NEW YORK (TheStreet) -- Here's a rundown of stocks making news after Wednesday's closing bell:
Shares of Universal Display(PANL) dropped in late trades after the company reported a surprise loss in the first quarter.
The Ewing, N.J.-based developer of energy-efficient display and lighting technologies posted a loss of $1.2 million, or 3 cents a share, on revenue of $12.6 million for the three months ended March 31. The average estimate of analysts polled by Thomson Reuters was for a profit of 4 cents a share in the quarter on revenue of $16.4 million.
The stock was last quoted at $31, down 21%, on volume of more than 500,000, according to Nasdaq.com.
It was an ugly after-hours session for Cisco(CSCO) after the networking giant gave a disappointing outlook for its fiscal fourth quarter ending in July.
The Dow component, which edged Wall Street's consensus view for its third-quarter profit by a penny, forecast earnings of 44 to 46 cents a share for the July quarter with year-over-year revenue growth pegged in a range of 2-5%.
Wall Street's current consensus estimate is for a profit of 49 cents a share in the fourth quarter on revenue of $11.99 billion, which translates to top-line growth of 7%.
After initially rising as high as $19.10 in the extended session, Cisco shares were last quoted at $17.22, down 8.3%, on volume of nearly 11 million.
Priceline easily beat the average analysts' view on the bottom line with earnings of $4.28 a share vs. an estimate of $3.95 a share, but revenue of $1.037 billion was a tick short of expectations.
For the second quarter ending in June, the Norwalk, Conn.-based company forecast non-GAAP earnings of $7.20 to $7.40 a share, surrounding Wall Street's current consensus view for a profit of $7.37 a share.
The stock was last quoted at $693, down 3.6%, on volume of 620,000, according to Nasdaq.com.
Shares of Monster Beverage(MNST) jumped after the Corona, Calif.-based energy drink maker reported strong first-quarter results.