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Cisco Systems earnings posts

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Before the bell: Futures flat ahead of Fed announcement

Posted Aug 7th 2007 8:00AM by Barry Summerlin (RSS feed)
Filed under: Before the bell, Cisco Systems (CSCO), Pfizer (PFE), Harrah's Entertainment (HET), ,

Following the Dow's steepest one-day climb in four years, stock futures were flat Tuesday ahead of the Federal Reserve's 2:15 p.m. decision on interest rates. The Fed is expected to maintain its benchmark federal funds rate at 5.25%.

Also Tuesday morning, the Labor Department will report on second-quarter productivity and costs; moderated labor costs and increased productivity are expected.

Companies reporting earnings today include Cisco Systems (NASDAQ: CSCO), TXU Corp. (NYSE: TXU), and Harrah's Entertainment (NYSE: HET). Cisco is expected to match earnings estimates of 35 cents a share.

Overseas, the Nikkei eked out a 0.04% rise to close at 16,921.77, while the FTSE 100 rallied following Wall Street's gains Monday.

Corporate news

Bear Stearns (NYSE: BSC) shares advanced overseas on a report from London that CEO Jimmy Cayne called other financial executives to assure them of BSC's fiscal health.

Reporting earnings following Monday's close, software maker BMC (NYSE: BMC) nearly doubled its first-quarter profits from last year and raised estimates for the year.

Also late Monday, Pfizer (NYSE: PFE) said it has enough drugs in development to meet its goal of tripling its portfolio of final-trial phase products by 2009.

Cisco Systems (CSCO) fourth-quarter earnings preview

Posted Aug 6th 2007 6:15PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Forecasts, Cisco Systems (CSCO), Entrepreneurs

It has definitely been a rocky earnings season so far. We have seen our fair share of surprises... both positive and negative over the past few weeks, and tomorrow will be Cisco Systems (NASDAQ: CSCO)'s turn to report. The stock rose slightly today ahead of tomorrow's earnings, trading up 0.1 percent to $29.50 up 4 pennies.

Analysts are expecting to see the company show earnings tomorrow afternoon of 35 cents per share when it reports its fiscal fourth quarter numbers following the market close. If history is any indication, I would not be surprised to see the company at least match estimates for the quarter. Cisco has a very strong track record when it comes to earnings reports.

One analyst, Bill Choi from Jefferies and Co., told his clients that the company ended the year "on a strong note" and that he would not be surprised to see the company come in with estimate beating numbers for the quarter.

The company is going to report earnings shortly after the market closes tomorrow, and then will host its quarterly conference call starting at 4:30 PM EDT. We will be liveblogging tomorrow afternoon's call in its entirety, so be sure to check tomorrow afternoon for all the details on the company's quarter.

Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer.

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Last updated: November 25, 2009: 05:01 PM

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