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

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 ( 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 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

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

If you liked this article you might like

Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs

7 Essential Rules for Investing in Tech Stocks

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

These Stocks Pay You to Own Them