Earnings Alerts: SHOP, ROKU, CSCO

Shopify (SHOP) beat earnings expectations but guidance missed the market's expectations due to an increase in personnel cost. Roku smashed earnings expectations and guidance as active users increased above market expectations. The company still season seasonality trends but did not warn against further ad revenue erosion. Cisco Systems (CSCO) beat market expectations as supply chain issues have corrected and backlogged orders are now being realized on the topline. CSCO also raised their divided by 3% or $0.01.

Market On Close

16 Feb 2023

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