Investors haven’t gotten past Friday’s much-anticipated employment report yet, but some analysts are already looking ahead to Cisco’s
earnings next week.
Analysts at Thomas Weisel said they expect Cisco to beat estimates and raise guidance when it reports after the close on Tuesday. The bullish call was enough for Cisco to eke out a gain on a tough day for stocks.
Cisco is expected to report earnings of 18 cents a share, up from 15 cents in the year-ago quarter.
Stocks fell Thursday after the Bank of England raised interest rates. Rising oil prices and weak retail sales also weighed on stocks.
The Nasdaq fell 19 to 1937, the S&P 500 lost 7 to 1113, and the Dow dropped 69 to 10,241. Volume rose to 1.51 billion shares on the NYSE, and 1.77 billion on the Nasdaq. Decliners led 27-6 on the NYSE, and 22-9 on the Nasdaq. Downside volume was 80% on the NYSE, and 73% on the Nasdaq. New highs-new lows were 28-311 on the NYSE, and 29-76 on the Nasdaq.
After the close, NVIDIA
beat estimates. WebMD
reported in line, and Homestore
During the day, Roxio
climbed 7% after beating estimates, and Asyst
soared 20% on its results.
slumped 3% after delaying its earnings report.
gained 6% on an acquisition.
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