Csco Dis
CSCO has a habit of rising into the quarterly report then sinking in after-hours trading during the middle of the call when forward guidance is provided. One can only hope that in midst of a fairly dismal earnings season that the guidance provided by CEO John Chambers outlines an expected rebound in U.S. IT spending for the remainder of 2008. Otherwise history may once again repeat itself. Cisco is expected to report earnings of 36 cents on revenue of $9.74 billion, compared with 34 cents a share on revenue of $8.9 billion for the year-earlier period.
Sources:
- hingefire.blogspot.com
- www.bloggingstocks.com
- journals.aol.com
- www.tickerforum.org
- feeds.foxbusiness.com
- www.247wallst.com
Tags: ceo john chambers, cisco, cisco earnings, csco, dis, earnings season, guidance, habit, midst, omtr, quarterly report, rebound, remainder, yhoo