Earnings live: Cisco stock drops after outlook disappoints, AppLovin sinks, Equinix surges

Shares of Crocs (CROX) soared much than 13% successful premarket trading connected Thursday, aft the institution reported better-than-expected 4th fourth net and a coagulated net outlook for 2026.

For the 4th quarter, Crocs reported net per stock of $2.29, good supra the statement estimation of $1.91 per share. Revenue totaled $958 cardinal for the quarter, little than successful the aforesaid 4th a twelvemonth ago, but up of expectations of $916.09 million.

Crocs noted that it came disconnected a beardown vacation season. Sales successful Crocs' direct-to-consumer transmission grew 3.6%, portion its wholesale gross declined 15.5%.

The company's outlook was besides upbeat: The institution issued full-year nett guidance of $12.88 to $13.35 per share, beating analysts' estimates of $11.92.

Birkenstock (BIRK) shares fell 3% successful premarket trading aft the 250-plus-year-old footwear shaper missed expert expectations for its archetypal 4th revenue.

Reuters reports:

Read much here.

US healthcare institution Baxter's (BAX) banal sank 14% earlier the doorbell connected Thursday pursuing the merchandise of its 4th fourth earnings, forecasting yearly nett beneath Wall Street estimates. The institution cited persistent problems from hurricane-related issues astatine 1 of its manufacturing plants.

Reuters reports:

Read much here.

Reuters reports:

Read much here.

Magnum Ice Cream's (MICC) banal fell 12% during premarket hours connected Thursday. The group, which was precocious spun disconnected from Unilever (UL) and makes fashionable crystal creams specified arsenic Ben & Jerry's and Cornetto, reported a 3% diminution successful income for its 4th fourth earnings.

The FT reports:

Read much here.

Equinix (EQIX) banal jumped much than 9% successful extended trading aft the information halfway relation issued beardown yearly gross guidance connected the backmost of continued artificial quality demand.

Reuters reports:

Read much here.

Cisco (CSCO) banal fell 5% aft the networking institution issued guidance beneath Wall Street forecasts.

For the afloat year, Cisco raised its guidance for net per stock to $3.00 to $3.08 connected gross of $61.2 cardinal to $61.7 billion. However, the Street was looking for net guidance of $3.12 connected gross of $62.1 billion.

In Cisco's 2nd quarter, the institution reported net per stock of $0.80, compared to Wall Street expert estimates of $0.74 per share, according to S&P Global Market Intelligence. Revenue roseate 10% twelvemonth implicit twelvemonth to $15.3 billion, compared to estimates of $15.1 billion.

"We spot strong, broad-based request for our exertion solutions and stay focused connected capturing the important opportunities we spot ahead," Cisco CFO Mark Patterson said.

Reuters reports:

Read much here.

Reuters reports:

Read much here.

Reuters reports:

Read much here.

Kraft Heinz (KHC) announced connected Tuesday that it would intermission its spin-off plans, with the company's caller CEO, Steve Cahillane, saying that its "challenges are fixable and wrong our control."

The company, which was acceptable to rotation disconnected its repast business, Global Taste Elevation Co., and market concern North American Grocery Co., plans to put $600 cardinal crossed marketing, sales, probe and development, and pricing.

"We are assured successful the accidental up and judge this concern volition accelerate our instrumentality to profitable growth," said Steve Cahillane, who became CEO connected Jan. 1 and antecedently led Kellanova, which successfully divided from the Kellogg Company successful 2023.

Shares fell much than 6% successful premarket trading.

In its 4th fourth results, the institution reported adjusted net of $0.67, a bushed compared to the expected $0.61, per Bloomberg statement data. Revenue came successful somewhat little astatine $6.35 billion, compared with the $6.37 cardinal expected.

Prices accrued 0.5%, somewhat beneath expectations of a 0.79% increase.

For 2026, the institution expects integrated nett income to beryllium down 1.5% to 3.5%. Wall Street expected 2026 yearly integrated gross to beryllium down 0.56%. Adjusted net per stock are expected to beryllium successful the scope of $1.98 to $2.10, whereas Wall Street forecast $2.50.

Vertiv (VRT) banal surged 15% aft its 2026 fiscal forecast surpassed Wall Street's expectations, arsenic the information halfway marketplace booms, and integer infrastructure companies similar Vertiv purpose to support up with the demand.

For the afloat year, Vertiv expects its adjusted net per stock to accelerate, reaching $5.97 to $6.07. The Street was looking for adjusted net of $5.51 per share, according to S&P Global Market Intelligence.

"As we look to 2026, we expect this momentum to continue," Vertiv CEO Giordano Albertazzi said. "Our grounds backlog provides wide visibility into what we expect to beryllium different twelvemonth of important growth."

The upbeat outlook overshadowed an net miss successful the 4th quarter. Vertiv reported net of $1.14 per share, conscionable shy of estimates of $1.16. Net income reached $2.88 billion, astir successful enactment with estimates.

Shopify (SHOP) banal roseate 10% earlier the doorbell connected Wednesday aft forecasting quarterly gross supra Wall Street estimates.

Reuters reports:

Read much here.

Mattel (MAT) reported top- and bottom-line misses connected Tuesday, sending shares 24% little successful extended trading.

In the 4th quarter, the toymaker reported net per stock of $0.34 connected gross of $1.76 billion. Wall Street analysts were looking for net of $0.51 connected gross of $1.83 billion, according to S&P Global Market Intelligence.

The banal besides sharply reacted to Mattel's 2026 guardant guidance, which disappointed.

In 2026, Mattel expects nett income to turn betwixt 3% and 6%. Adjusted net per stock are expected to beryllium successful the scope of $1.18 to $1.30, beneath 2025's net per stock of $1.41 and the Street's forecast of $1.68 per share.

"We achieved beardown topline maturation successful the 4th fourth and user request was affirmative successful each portion for some the 4th and afloat year, but December gross billings successful the U.S. ended up increasing little than expected," CEO Ynon Kreiz said successful a statement.

Lyft (LYFT) banal pulled backmost by much than 15% successful after-hours trading aft its archetypal 4th outlook and 2025 operating nonaccomplishment dented expectations of the company's comeback story.

In the 4th quarter, Lyft reported gross of $1.6 billion, missing expectations of $1.75 billion, according to S&P Global Market Intelligence. Gross bookings of $5.1 cardinal were up 19% twelvemonth implicit year.

For the afloat year, Lyft reported an operating nonaccomplishment of $188 million, whereas analysts expected a nett of $33.3 million.

For the archetypal 4th of 2026, Lyft guided for adjusted EBITDA (earnings earlier interest, taxes, depreciation, and amortization) of $120 cardinal to $140 million. The Street statement estimation was $147 cardinal for EBITDA.

Read much here.

Robinhood (HOOD) reported better-than-expected net for the 4th quarter, but missed estimates connected respective different metrics, sending shares arsenic overmuch arsenic 9% little successful after-hours trading. Retail trading buoyed the institution during the quarter, offsetting weakness successful crypto revenue.

In Q4, the brokerage and banking level reported gross maturation of 27% twelvemonth implicit twelvemonth to $1.28 billion, compared to estimates of $1.3 billion, according to S&P Global Market Intelligence. Diluted net per stock came successful astatine $0.66, compared to estimates of $0.64 and $1.01 successful Q4 2024.

Robinhood CEO Vlad Tenev reiterated his ambition to marque Robinhood into a "Financial SuperApp." The institution has rolled retired banking services, banal tokens, crypto trading, and adjacent lawsuit contracts.

Yahoo Finance's Ines Ferré reports:

Read much here.

Marriott (MAR) CEO Anthony Capuano said that, similar different question companies, the edifice concatenation is seeing a divergence crossed its lawsuit basal and spot chiefly successful the premium segment.

"I mean, determination is surely ... a K-shaped economical bifurcation of the consumer," Capuano said Tuesday. "We proceed to spot truly accordant spot crossed luxury for the afloat year."

Yahoo Finance's Brian Sozzi reports:

Read much here.