NEW YORK --
is expected to report fiscal fourth-quarter results after Wednesday's closing bell and analysts are calling for the networking equipment giant and
component to post earnings of 45 cents a share on revenue of $11.6 billion.
Cisco continues to work through a massive restructuring, announcing late last month another round of layoffs, cutting 1,300 jobs, or 2% of its work force.
Cisco shares are down 5% so far in 2012.
will be live-blogging Cisco's results Wednesday at 3:45 p.m. EDT.
is expected by analysts Wednesday to report quarterly earnings of $1.01 a share in the July-ended period on revenue of $16.75 billion.
, the optical networker, reported fiscal fourth-quarter non-GAAP earnings of $35.3 million, or 15 cents a share, on revenue of $439.3 million. Analysts forecast a profit of 12 cents a share in the June-ended period on revenue of $422.6 million.
The company also forecast non-GAAP revenue of $415 million to $435 million for its fiscal first quarter ending in September; analysts are looking for $427.1 million.
revealed in a 13-F filing it sold a stake in
, added to positions
Bank of New York Mellon
and sold off significant portions of positions in
United Parcel Service
Berkshire Hathaway also bought shares of
National Oilwell Varco
in the second quarter.
New York Times
named Mark Thompson as its next president and CEO. Thompson most recently served as director general of the
British Broadcasting Corp.
He is expected to start at the New York Times in November.
-- Written by Joseph Woelfel
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