Stocks making the biggest moves after hours: Cisco, Flutter Entertainment, Firefly and more

Cisco shares gained over 7% in after-hours trading following better-than-expected fiscal first-quarter profit and revenue. Firefly Aerospace also surged 18% on strong third-quarter results and an optimistic FY2025 revenue forecast that exceeded analyst expectations. Conversely, Flutter Entertainment, the owner of Fanduel, fell 4% after missing revenue expectations and cutting its full-year guidance despite an earnings beat. Ibotta dropped nearly 16% due to disappointing fourth-quarter revenue guidance, while Webtoon Entertainment plunged 17% after reporting weaker-than-expected revenue, despite beating earnings estimates.

Analysis

Cisco Systems (CSCO) demonstrated robust fiscal Q1 performance, with shares gaining over 7% in after-hours trading after reporting adjusted earnings of $1.00 per share and revenue of $14.88 billion, both exceeding LSEG analyst estimates of $0.98 and $14.77 billion, respectively. Similarly, Firefly Aerospace (FLY) saw an 18% surge, driven by a narrower-than-expected Q3 loss, a revenue beat, and a strong FY2025 revenue guidance of $150-$158 million, significantly above the $136 million forecast. These results highlight solid operational execution and positive forward-looking indicators for both companies.

Conversely, Flutter Entertainment (FLUT) declined 4% despite an earnings beat, as it missed revenue expectations and cut its full-year guidance, citing gambler winning streaks. Ibotta (IBTA) shares dropped nearly 16% following disappointing Q4 revenue guidance of $80-$85 million, despite beating recent quarterly earnings and revenue consensus.

Webtoon Entertainment (WBTN) experienced a 17% plunge after reporting weaker-than-expected revenue of $378 million against a $385 million forecast. This revenue miss overshadowed an earnings beat, where the company posted $0.04 per share, significantly better than the $0.12 per share loss analysts anticipated, underscoring that forward guidance and top-line growth are currently paramount drivers for investor sentiment, even when bottom-line figures are strong.

Key Decisions for Investors

• For Cisco and Firefly Aerospace, consider continued positive momentum, driven by strong fundamentals and favorable outlooks.
• Investors in Flutter Entertainment, Ibotta, and Webtoon Entertainment should assess the impact of revised guidance and revenue misses on long-term growth trajectories, despite any recent earnings beats.
• Monitor future guidance and revenue growth closely across all holdings, as these appear to be critical drivers of market reaction in the current environment.