NEW YORK -- Cisco (CSCO) provided disappointing guidance for its fiscal fourth quarter.
The networking giant forecast earnings of 44 cents to 46 cents a share for the July-ending quarter with year-over-year revenue growth anticipated at 2% to 5%.
Analysts were calling for a profit of 49 cents a share in the fourth quarter on revenue of $11.99 billion.
For the third quarter, Cisco, a component of the Dow Jones Industrial Average posted revenue of $11.59 billion, up from $10.87 billion a year earlier, and a tick above analysts' estimates of $11.58 billion.Excluding items, Cisco earned 48 cents a share, up from 42 cents a share in the same period last year. Analysts swere looking for earnings of 47 cents. Shares of Cisco fell 7.93% in premarket trading Thursday to $17.29.
Retailer Kohl's (KSS) reported Thursday first-quarter net income of $154 million, or 63 cents a share, down from year-earlier earnings of $201 million, or 69 cents a share. On average, analysts expected the company to report first-quarter profit of 61 cents a share on revenue of $4.25 billion. Kohl's provided second-quarter earnings guidance of between 96 cents to $1.02 a share. The retailer maintained its full-year guidance of $4.75 a share. Shares of Kohl's fell 1.49% in premarket trading Thursday to $50.10. AIG, Alive Once Again, Is Now Swimming With Sharks
Priceline.com (PCLN), the online travel reservation company, reported mixed quarterly results on Wednesday and provided soft guidance. Priceline earned $4.28 a share in the quarter, topping analysts' estimates of $3.95 a share, but revenue of $1.037 billion was shy of expectations. For the second quarter ending in June, Priceline forecast non-GAAP earnings of $7.20 to $7.40 a share; analysts are calling for profit of $7.37 a share. Shares of Priceline.com fell 4.03% in premarket trading Thursday to $690.01. Apple's Team Is Underestimated
Monster Beverage (MNST), the energy drink maker, on Wednesday reported strong first-quarter results. For the three months ended March 31, the company reported earnings of $76.1 million, or 41 cents a share, as sales rose 27.5% to $454.6 million. The average estimate of analysts called for a profit of 38 cents a share in the quarter on sales of $447.1 million. Shares of Monster Beverage rose 11.93% to $73.10 in premarket trading Thursday.
Retailer Nordstrom (JWN) is slated to report first-quarter earnings after the market closes on Thursday. Analysts, on average, anticipate earnings of 75 cents a share on revenue of $2.52 billion.
Dynegy (DYN) is expected by analysts Thursday to post a loss of quarterly loss of 71 cents a share on revenue of $323.5 million. Morgan Stanley Joins Citigroup, Bank of America in the Doghouse -- Written by Joseph Woelfel
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