Today's charts: Cisco shares sink; Pandora jumps on buyout talk; Alibaba drops on earnings

Yahoo Finance

Yahoo Finance is tracking Alibaba (BABA), Pandora (P), Cisco (CSCO) and Seaworld (SEAS) in intraday trading on Thursday.

Alibaba (BABA) – The Chinese e-commerce giant reported mixed fourth-quarter earnings before the bell. The company said its revenue jumped 60% to 38.58 billion yuan ($5.6 billion), topping Wall Street’s forecast of 36 billion yuan. Alibaba also announced it would buy back up to $6 billion worth of shares over two years.

Pandora (P) – Shares of the music-streaming service are soaring following a New York Post report that Sirius XM is in “active discussions” to buy the company. Pandora has been struggling to gain momentum. The stock is down about 30% since January 1.

Cisco (CSCO) – The tech giant’s stock is under pressure after issuing weaker-than-expected guidance and announcing plans to cut 1,100 more jobs. The latest round of cuts brings the total number of job losses to 5,500.   Cisco shares are down 8% in intraday trading as of 1 p.m. ET.

SeaWorld Entertainment (SEAS) – The company announced that its extending its 37-year partnership with Sesame Workshop and is planning to open a second Sesame theme park in the U.S. The new park is scheduled to open no later than mid 2021.

For more on Thursday’s big stock movers and earnings after the bell, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.


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