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August 15, 2013  Thu 7:32 AM CT

CSCO: SEE CHART GET CHAIN FIND STRATEGIES

Cisco to Lay Off 4,000 as Margins Shrink

The networking giant reported adjusted earnings of $0.52 per share on revenues of $12.42 billion in its quarterly report after yesterday's close, above the consensus estimates of $0.51 EPS on revenues of $12.41 billion. But the technology stalwart's shares fell after issuing earnings guidance of $0.50 to $0.51 per share on revenue growth of 3 percent to 5 percent for the current quarter, at the low end of forecasts. The company, also reported that gross margins slipped to 59.2 percent from 60.6 percent, is laying off about 5 percent of its workforce. CSCO is down more than 8 percent to $24.24 in the pre-market.

Wal-Mart Cuts Guidance as Sales Fall Short

The retail behemoth this morning reported second-quarter adjusted earnings of $1.25 per share, matching market expectations, but same-store sales fell 0.3 percent compared to the consensus forecast for a 0.7 percent gain. Wal-Mart also lowered its full-year outlook to $5.10 to $5.30 EPS, compared with previous estimates of $5.29 to $5.40 earnings per share. WMT is down about 2.3 percent to $74.65 this morning on my tradeMONSTER extended-hours platform.
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Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

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