
Stocks to Watch: Cisco, AMD, Staples
NEW YORK --
Cisco
(CSCO) - Get Report
, the networking giant and
Dow component
, topped Wall Street's expectations in its latest quarter on both the top and bottom lines.
Cisco reported non-GAAP earnings of $2.57 billion, or 48 cents a share, on revenue of $11.88 billion, up from a year-earlier equivalent profit of $2.32 billion, or 43 cents a share, on revenue of $11.27 billion.
Analysts were looking for earnings of 46 cents per share on revenue of $11.77 billion.
Cisco Earnings: Live Blog Recap
AMD
(AMD) - Get Report
denied Tuesday that it's on the block following a report that the No. 2 chipmaker could be be up for sale.
"AMD's board and management believe that the strategy the company is currently pursuing to drive long-term growth by leveraging AMD's highly-differentiated technology assets is the right approach to enhance shareholder value," wrote an AMD spokesman, in a statement emailed to
TheStreet
. "AMD is not actively pursuing a sale of the company or significant assets at this time."
Reuters
reported on Tuesday that AMD hired
JP Morgan Chase
to explore options, which could include a sale.
Staples
(SPLS)
is reporting its third-quarter results before the opening bell Wednesday, and analysts are expecting a profit of 45 cents a share in the October-ended period on revenue of $6.45 billion.
Shares of Staples have declined roughly 11% so far this year.
Wal-Mart, Target, Home Depot Report Earnings This Week
Williams-Sonoma
(WSM) - Get Report
is expected by analysts Wednesday to post third-quarter earnings of 45 cents a share on revenue of $921.8 million.
Abercrombie & Fitch
(ANF) - Get Report
is expected to post third-quarter earnings Wednesday of 58 cents a share.
Earnings are also expected Wednesday from
DryShips
(DRYS) - Get Report
,
FriendFinder Networks
(FFN)
,
Hot Topic
(HOTT)
,
Limited Brands
(LTD)
,
NetApp
(NTAP) - Get Report
,
PetSmart
(PETM)
,
Retalix
(RTLX)
,
Spectrum Brands
(SPB) - Get Report
,
Tyco International
(TYC)
.
-- Written by Joseph Woelfel
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