NEW YORK (
) -- Shares of
edged up on Tuesday as investors await the companies' second-quarter earnings posted after closing bell.
climbed 0.37% to $606.13 on analysts' strong forecasts. Analysts polled by
expect Apple to generate earnings of $10.37 per share on $37.21 billion in revenue in the
rose 2.75% to $82.14 ahead of earnings. Analysts surveyed by
estimate that the Los Gatos, Calif.-based company will report 5 cents of earnings on $888.90 million in revenue for the quarter.
tumbled 4.82% to $15.30 a day after the company
plans to cut 2% of its workforce, in the latest phase of its long-running restructuring effort.
"We are performing a focused set of limited restructurings that will collectively impact approximately 2% of our global employee population," explained a Cisco spokesperson, in a statement emailed to
on Monday. "These actions, subject to local legal requirements, including consultation where required, are part of a continuous process of simplifying the company, as well as assessing the economic environment in certain parts of the world."
--Written by Nathalie Pierrepont in New York.
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