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After-Hours Action: Cisco, Agilent, NetApp And L Brands On The Move

U.S. stock markets closed slightly higher on Wednesday, following the Fed’s minutes, which showed a growing division over the interest rates policy.

Cisco Systems, Inc. CSCO 1.29% announced its Q4 results, with EPS of $0.63 and revenue of $12.64 billion beating the Street’s consensus by $0.03 and $70 million, respectively. The company announced it would fire up to 7 percent of its workforce, or 5,500 employees, and issued somewhat disappointing guidance for the ongoing quarter.

Also down on its earnings report was Agilent Technologies Inc A 0.31%, which lost more than 5 percent. While Q3 EPS of $0.49 beat estimates by $0.02, revenue of $1.04 billion missed them by $10 million. Guidance was also poor, with full year EPS of $1.89-$1.91, mostly below estimates of $1.91, and revenues of $4.14 billion to $4.16 billion under the Street’s consensus.

NetEase Inc (ADR) NTES 0.06% lost 0.6 percent ahead of its earnings report. Analysts are expecting quarterly earnings of $2.64 per share on revenue of $1.25 billion.

NetApp Inc. NTAP 0.35% and L Brands Inc LB 0.61% were up 6.17 percent and 3.29 percent, respectively, since the market closed.

NetApp posted Q1 EPS of $0.46 on revenue of $1.29 million, beating expectations by $0.10 and $30 million, correspondingly.

L Brands delivered Q2 EPS of $0.70 on revenue of $2.89 billion, surpassing estimates by $0.11 and $30 million.

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