Investing.com - Stocks moving after hours.
- Cisco Systems (NASDAQ:CSCO) rose 3.9% after the maker of networking systems reported better-than-expected earnings for its fiscal second quarter and guided higher for its third quarter.
- MGM Resorts International (NYSE:MGM) edged up 0.4% after the casino operator reported fourth-quarter revenue grew 15%. The company reported a loss for the quarter, driven by a non-cash expense.
- CenturyLink (NYSE:CTL) shares slumped 8% after announcing it is cutting its dividend from $2.16 to $1 a share. The telecommunications company reported non-GAAP earnings of 37 cents a share. Analysts polled by Investing.com had expected 39 cents. Revenue of $5.8 billion was in line with estimates, but down 3.7% from a year ago.
- NetApp (NASDAQ:NTAP) shares fell 7.9% after fiscal third-quarter revenue of $1.56 billion missed the $1.6 billion Investing.com estimate. Earnings of $1.20 a share beat the estimate of $1.15.
- T-Mobile US (NASDAQ:TMUS) slipped after hours, then recovered after company executives and executives from Sprint (NYSE:S) defended their proposed merger before a House subcommittee, saying a strong No. 3 wireless company was good for competition. In regular trading, T-Mobile was off 0.76%.