were some questions raised on their first ever earnings report about the comparability of their non-gaapadjusted earnings per share or their gaap regular earnings per share and whether that was comparable to the average analyst's estimate. that caused, again, some confusion in that trade after hours. it went from you can see there a positive trade decidedly down to about 10% or 11% as we stand right now. a lot of the issues around this are still kind of being resolved right now. but generally speaking some of the analysts out there still believe this was a beat. bob peck at suntrust was one of them. friend of the show as well. he just spoke on the "closing bell" with regard to his take on this report at fitbit. take a listen to what he had to say. >> looking at the numbers, they beat on units, revenues ebidta the guidance for full year are better than anticipated. if you had to nitpick a couple of different things. one is in the guidance the revenue growth rate does slow as one would expect. the margins for next quarter are also lower than what we saw in q2. a little bit of inventory bui

questions as to whether or not there's a comparable estimate that matches the gaap or non-gaap analystou. >> thanks very much, dom. appreciate the work on that. time for a cnbc news update. what's happening? >> what's happening this hour is more on that shooting. there was a shooting incident at another movie theater. this time in antioch, tennessee, right outside of nashville. police confirming that the suspect opened fire on a police officer who then returned fire killing the suspect before he was shot dead. before he was shot dead, i should say by police. he did attack one man with a hatchet and doused two women with pepper spray. the suspect also had two backpacks which the bomb squad will detonate. >>> actress gwyneth paltrow and her mother blithe danner addressing the importance of labeling for genetically modified organisms. pushing for food labels that will notify consumers on whether or not a product contains gmos. >>> george bush reporting for jury duty in dallas. and even though he sat through the jury selection process for a couple of hours, he wasn't picked to serve. he di

were to pull out the covenant and the need-based aid students, every single metric, valedictorian, gaap, goes down. so i am absolutely -- i don't buy into the argument that it has anything to reducing quality. i do also realize, though, being part of a great institution you do get to draw the students who have is that capacity. and so part of the issue is what do we do then for the next tier of students who don't have that? how do we get them performing at a level they could? but we are really drawing an incredible population. so their ability to graduate and lead the world in many different ways is is absolutely there. we have to make sure they can graduate. >> a lot of questions in the united states now about testing. how do you monitor the quality of your education? some of the factors you mentioned, problem-solving, critical thinking, et cetera. how do you monitor that? how do you the grade that in some form? >> i think i have an english professor with me. she might tell you how hard it is to grade a paper and even feel like it is absolutely perfect. universities have many ways of a

and also non-gaap earnings per share, 59 cents versus 56. >> and let's remind everybody.p line beat with revenues coming in, a little bit heavier than expected, as well. after hours shares are trading up ever so slightly, about 1%. we'll get more for you on that here in just a bit. tim, which of these names are you playing? >> well, i'll tell you, in cisco's case, as john pointed out, the comps, in terms of fx, some of this is actually a tail wind for these guys. i'd be listening to hear more about enterprise weakness, what's really going on there. but for people playing cisco, it is one of the plays on kind of security, on wireless, on data center, and these are things that are going very well for this company. i don't think they're at an inflection point. and em's been very weak for these guys. a stock trading between 27 and 30, i think remains kind of range bound here. i think there are questions on the call, maybe divestitures. >> let's get out to mary thompson now with more on cisco's results. >> hey there, kelly, as you mentioned. earnings and revenue for the fiscal

they did also comment their non-gaap or adjusted growth margins better than analysts were looking forl see current quarter revenues above analyst expectations as well as current quarter eps, as well. that's why those shares were up about 7.5%. 650,000 shares of volume. we should also point out for context, the year-to-date losses on the stock were 28%. so perhaps a more favorable set-up for a bit of a pop given the results and the recent stock slide so far in 2015, kelly. back over to you guys. >> thank you, dom. stocks are giving investors whiplash today after a post fed minute's rebound. here's a look at how we finish with mcdonald's and home depot in the green. >> slow august day, i don't think so. let's look at the s&p 500. it was a one-two punch. we were weak at the outset over in europe on concerns about china, what was going on. i put up the s&p 500, and then we had the 10:30 crude inventories came. and the market fell apart. we hit the lows after europe closed. and don't tell me it was a low volume day. we had heavy volume today. look at the two biggest etfs out there. the spi