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Company News for November 5, 2009

By: Avishek Mishra
November 05, 2009 | Comments: 0
Recommended this article (1)
CSCO | TM | COST | H | DPS | CVS | TWC
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• Cisco Systems (NASDAQ:CSCO - Analyst Report) reported better-than-expected first quarter adjusted earnings of 36 cents a share, versus 37 cents a year ago, beating Zacks estimates of 26 cents a share.  Revenues of $9 billion, though off last year's $10.3 billion, exceeded Zacks projections of $8.75 billion. Current quarter revenue guidance was lifted to 1%-4% growth from a year ago to $9.9 billion-$10.2 billion.  CEO John Chambers said the numbers "continued to reflect strong sequential growth trends," as he noted an improving economic outlook

• Toyota Motor (NYSE:TM - Snapshot Report) reported a surprise quarterly profit and halved its annual loss estimate as both its revenue and cost-cutting expectations beat estimates after vehicle demand grew in the US and Asia. The company said it now sees a $2.2 billion loss for its fiscal year ending March

• Costco Wholesale (NASDAQ:COST - Snapshot Report) reported same-store-sales rose 5% in October, ahead of estimates of a 4.7% gain, as a weak dollar boosted international results

• Hyatt (NYSE:H) priced 38 million shares at $25, on its IPO

• Dr. Pepper Snapple (NYSE:DPS - Analyst Report) reported third quarter earnings of 54 cents a share, versus Zacks estimates of 49 cents a share on inline revenues of $1.4 billion

• CVS Caremark (NYSE:CVS - Analyst Report) reported earnings of 65 cents, one penny above Zacks estimates, on inline revenues of $24.6 billion

• Time Warner Cable (NYSE:TWC - Snapshot Report) reported third quarter earnings of 76 cents a share, inline with Zacks estimates on revenues of $4.5 billion


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Market Summary Nov 21, 2009 03:23 am ET
DJIA 10318.16  -14.28 -0.14%
NASD 2146.04  -10.78 -0.50%
S&P 500 1091.38  -3.52 -0.32%
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