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Stocks make the biggest moves by hours: Agios, Farfetch, Cisco



Luxury fashion items are on the screen next to tablet devices at the launch of the pop-up exhibition Farfetch "Store of the Future" at the Design Museum in London, UK, Wednesday, April 12, 2017.

Luke MacGregor | Bloomberg | Getty Images

See the companies making headlines after the clock :

The shares in Cisco Systems increased more than 2.5% in extended trading on Wednesday after the network hardware firm reported better than expected fourth quarter. Cisco reported earnings of 78 cents per share, 1

cent over Wall Street's estimates, and revenue of $ 12.96 billion, $ 70 million over estimates.

The company also provided strong guidance in the fourth quarter with estimated earnings per share. Share and income that both come in higher than Refinitive consensus estimates.

The Farfetch stock fell 4% after the luxurious online retailer reported mixed Q1 results. Farfetch reported a loss of 22 cents per share, worse than the expected loss of 16 cents per share. Share and revenue of 174.1 million. $, Higher than expected 171.1 million. USD, according to Refinitive Consensus estimates. The retailer reported a gross revenue volume of DKK 419 million. USD compared to analyst estimate of 407 million. $.

The shares in Agios Pharmaceuticals increased more than 12% in the after-trade after the drug manufacturer announced the completion of the third stage of a global trial for its cancer drug Tibsovo. The drug showed a statistically significant improvement in leukemia patients whose cancer is at an advanced stage.

The company plans to present a complete analysis of the trial to the European Congress for Medical Oncology later this year and submit a new drug application by the end of 2019.

The Virtusa stock fell almost 24% ] after the information technology company reported fourth-quarter results missing at the top and bottom line. The company reported earnings of 46 cents per share on revenue of $ 328 million, while analysts surveyed by Refinitiv expected earnings of 62 cents per share on revenue of $ 331 million. Virtusa has also issued EPS and First Quarter Revenue Guidance and 2020 accounts that came under Wall Street estimates.

Shares of Flowers Foods jumped 5% after the baked food producer reported that quarterly sales rose 4.8% to 1.26 billion. USD.

Dillard's share pondered 8% after the retailer reported the first quarter results. Dillard reported earnings of $ 2.99 per Share and revenue of DKK 1.5 billion USD in line with expectations.


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