Stocks to Watch: Lowe's, Cisco (Update 1)

Lowe's quarterly earnings exceed estimates; Cisco to buy cloud computing company Meraki.
By Joseph Woelfel ,

NEW YORK --

Lowe's

(LOW) - Get Report

, the home-improvement retailer, posted third-quarter results that exceeded forecasts as same-store sales for the period rose 1.8%.

Adjusted earnings were 40 cents a share on revenue of $12.07 billion; analysts on average were expecting earnings of 35 cents a share in the third quarter on revenue of $11.91 billion.

Lowe's shares were rising 3.9% in premarket trading Monday to $33.21.

5 Dividend Stocks Itching to Pay You More

Cisco Systems

(CSCO) - Get Report

, the networking giant, announced Sunday it was buying cloud computing company

Meraki

for $1.2 billion.

Meraki, based in San Francisco, will form Cisco's new Cloud Networking group, which will be led by Meraki CEO Sanjit Biswas.

Cisco shares were rising 1.3% to $18.22 in premarket trading.

Retailer

Urban Outfitters

(URBN) - Get Report

is expected to earn 41 cents a share in the third quarter on revenue of $692.4 million.

Clues to E-Commerce Success

Tyson Foods

(TSN) - Get Report

posted fiscal fourth-quarter adjusted earnings of 55 cents a share on sales of $8.37 billion. analysts forecast earnings of 44 cents a share on sales of $8.49 billion.

Earnings are also expected Monday from

Jack in the Box

(JACK) - Get Report

,

Krispy Kreme

(KKD)

,

Agilent

(A) - Get Report

and

Brocade

(BRCD)

.

BioMimetic Therapeutics

( BMTI)shares rose 82% to $7.57 after it announced Monday an agreement to combine its business with

Wright Medical

(WMGI) - Get Report

.

News Corp

(NWSA) - Get Report

is expected to announce this week that it will acquire a 49% in the YES Network from the New York Yankees and its partners, according to

Reuters

, which cited a person with knowledge of the talks.

The deal would would value the sports channel at $3 billion,

Reuters

said.

An Assault on Yield-Oriented ETFs

-- Written by Joseph Woelfel

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Joseph Woelfel

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.

Copyright 2012 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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