These once-ballyhooed tech stocks are still hurting even while the broad Nasdaq composite index is hitting a 14-year high, USA Today reports» Read More
*Cisco shares down in premarket after results, outlook. NEW YORK, Aug 14- U.S. stock index futures edged higher on Thursday, with investors reluctant to make big bets following a sharp rally in the previous session and amid signs of weak conditions in Europe. *Cisco Systems Inc fell 1.3 percent to $24.87 in premarket trading.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 percent at $24.82 in premarket trading on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco said $250- $350 million of the charges would be recognized in the first quarter.
Berkshire Hathaway crossed another milestone, trading above $200,000 a share for the first time. GOING UP: A jump in profits for Perrigo, a drugmaker, drove its stock up 6 percent, the biggest gain in the S&P 500. Perrigo's earnings and sales came in ahead of analysts' estimates.
Cisco's strong quarterly earnings might provide an opportunity for investors, the "Fast Money" traders say.
NEW YORK— Matt Cottle is one of a few known small business owners with autism, a brain disorder that affects a person's ability to comprehend, communicate and interact socially. NEW YORK— Amazon's new credit-card processing device and mobile app is designed to help small business owners accept payments through their smartphones and tablets.
NEW YORK, Aug 13- U.S. stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data.
Aug 13- Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. Shares in the company slipped 2.7 percent to $24.90 in extended trading, from a $25.20 close on the Nasdaq.
The San Jose, California- based company on Wednesday reported a 1 percent decline in profit, to $2.25 billion, as revenue dipped to $12.36 billion from $12.42 billion. Its adjusted earnings for the three months ended July 26, its fiscal fourth quarter, came to 55 cents per share, which was two cents more than analysts expected, according to Zacks Investment Research.
Cisco delivered quarterly earnings and revenue that surpassed analysts' expectations on Wednesday.
Macy's Inc quarterly earnings missed analysts' estimates and the department store operator slashed its full-year same-store sales forecast, driving the stock down 5.5 percent to $56.47. Other major retailers, including Wal-Mart Stores Inc, are expected to report results on Thursday. Wal-Mart shares slipped 0.3 percent to $74.03.
Take a look at some of Wednesday's after-hours movers: Cisco, NetApp, Amgen and more
SAN JOSE, Calif.— Cisco Systems Inc. on Wednesday reported profit that declined by 1 percent in its fiscal fourth quarter, but beat analysts' expectations. The San Jose, California- based company said earnings fell to $2.25 billion, or 43 cents per share, from $2.27 billion, or 42 cents per share, in the same quarter a year ago.
U.S. stocks closed higher for the third time in four days as a rally in tech, airlines and biotech firms helped lead gains.
Aug 13- Network equipment maker Cisco Systems Inc posted a smaller-than-expected 0.5 percent dip in quarterly revenue, as the company makes a transition through a new cycle of high-end switches and routers. Cisco reported revenue of $12.4 billion, effectively flat from a year earlier.
CNBC's Jon Fortt; Daniel Ives, FBR Capital Markets; and Erik Suppiger, JMP Securities, provide instant analysis to quarterly numbers by Cisco.
Cisco is reporting EPS of $0.55 ex-items on revenue of $12.36 billion, with CNBC's Josh Lipton.
CNBC's Josh Lipton previews Cisco's earnings results out after Wednesday's closing bell.
Apple Inc. rose 1.3 percent to $97.24 with 31,054,700 shares traded. Cisco Systems Inc. rose. 2 percent to $25.20 with 37,533,300 shares traded. Facebook Inc. rose 1.3 percent to $73.77 with 28,486,300 shares traded.
U.S. stock index futures signaled a higher open early with investors focused on corporate releases and continued tensions in Ukraine and Iraq.