Yahoo Finance Live anchor Seana Smith looks at which tickers are making moves in after-hours trading on Aug. 17.
SEANA SMITH: All right, Dave, let's start with Cisco because they had results here just a few minutes ago after the closing bell. The stock moving in after hours following their earnings. Now they beat on both the top and bottom lines. You can see it up just about 4%. The strong revenue guidance for the first quarter is what the Street is really focusing on, easing some of the slowdown fears that had been clouding not only Cisco, but broadly, the space here.
Now, over the past month, you could see Wall Street turning a bit more positive on the stock, with shares up just about 8% in the past month. Comparing that, though, to where we started the year, we're still significantly lower. Cisco off about 26% year to date. Started the year just shy of 63 bucks a share.
All right, let's flip it over to Bath & Body Works, another earnings report here after the bell. The stock under pressure, off just about 3%. They're cutting their earnings view for the year. That is what the Street is focused on. For the second quarter, net sales of $1.6 billion. That was down 5% year over year. EPS of $0.52, down from the previous year. They also announced some restructuring efforts, laid off about 130 roles, majority of those being in leadership positions.
And let's round it out with Bed, Bath & Beyond. We've been talking a lot about this stock over the last couple of days. Look at that, those shares off just about 17%. The big news here after hours, GameStop chairman Ryan Cohen, he is selling his entire stake in Bed, Bath & Beyond. An SEC filing showing that Cohen's RC Ventures holds about 11.8% stake in Bed, Bath & Beyond.
Now take a look at this stock. So month to date, it has certainly been on a tear, up just about 339% in the month of August alone. So we're seeing the reaction in the stock after hours, under tremendous amount of pressure on the heels of the news that GameStop chairman Ryan Cohen is selling his entire stake in the company.