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registered: 22.12.2012
08.03.2014, 02:20
Cisco Systems will report earnings for the fourth quarter tomorrow after the close of trading. Analysts surveyed Thomson First Call expect the networking giant to report income of cents per compared with yearago earnings of cents per . Revenue is estimated to be $. billion,
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, versus Ciscos guided range of $. billion to $. billion. In late January, Credit Suisse First Boston initiated coverage at outperform and said Cisco should deliver aboveindustry growth and attractive financial returns for the foreseeable future. The research firm said Ciscos moderate revenue growth coupled with operating expenditure reductions will enable the company to achieve a three to fiveyear operating profit growth rate of approximately %, versus current embedded expectations of only .%. CSFB has a month target price of $. for Cisco. Biogen Idec reported fourthquarter earnings slightly below Wall Street expectations but said revenue was higher on sales of Avonex, a multiple sclerosis treatment. s were seen down .% in extended trading. The biotech firm announced fourthquarter earnings,
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, on a nonGAAP basis, of cents per and revenue of $ million, compared with analysts forecasts of cents per and $ million, respectively. A weaker dollar has benefited nonU.S. sales of Avonex,
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, according to Merrill Lynch. Biogen provided earningsper guidance ranging from $. to the low $.??s, compared with the Street forecast of $.. Electronic Data Systems reported fourthquarter earnings above Wall Street estimates but the stock was down more than % in afterhours trading on weak guidance. EDS reported pro forma earnings of cents per compared with analysts estimates of cents. The company disappointed investors with its outlook, forecasting earningsper at cents to cents,
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, compared with the consensus estimate of cents per . Elan will report results for the fourthquarter before the opening bell. The Street estimate calls for sales of $ million and a loss cents per . Last year Elan reported fourthquarter sales of $ million and a loss of cents per . Merrill Lynch expects the Irelandbased biotechnology company to achieve profitability in on the strength of its multiple sclerosis Tysabri. In midJanuary,
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, the research firm initiated coverage of Elan at neutral and said the stock appears to be pricing in best case scenarios for newly launched Tysabri in multiple sclerosis and Crohns disease. Merrill Lynch added, However,
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, our own analysis and clinical checks in MS and Crohns indicate that these best case scenarios may actually play out. Taser International will announce fourthquarter results tomorrow morning. The stun gun maker is expected to post earnings of cents per on $ million in sales, according to analysts. Taser s declined more than % over a nine trading period beginning Dec. the company announced on Jan. it was the subject of an informal inquiry the U.S. Securities and Exchange Commission in regard to the safety of its guns.
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