"Late-night Market Movers: Cisco Systems, Synopsys, Wolfspeed, and Beyond"
Cisco Systems' shares rose 2.5% after the company reported better-than-expected fiscal fourth-quarter earnings, with adjusted earnings per share of $1.14 and revenue of $15.2 billion. Electronic design automation company Synopsys saw its stock rise 2.3% after beating earnings expectations, reporting adjusted earnings per share of $2.88 and revenue of $1.49 billion. However, Wolfspeed's shares plunged 13% after the company's fiscal fourth-quarter earnings missed expectations, with an adjusted loss of 42 cents per share. Packaging company Amcor's stock gained 2.5% after reporting adjusted earnings per share of $0.19, beating analysts' forecasts, although its revenue fell short. Hawaiian Electric's shares slipped nearly 2% amid concerns about potential liability in the Maui wildfires, while Vietnamese electric vehicle maker VinFast Auto saw its shares dip about 5% after a significant surge the previous day.
