Cisco profit beats subdued expectations: related news

Cisco profit beats subdued expectations

Cisco Systems Inc.'s profit fell 5 percent in its fiscal third quarter but beat Wall Street's expectations, a sign the turbulent U.S. economy didn't rattle the world's largest networking equipment maker as hard as expected.

Cisco, Troll Tracker Blogger Sued For Defamation

Joe Mullin writes "We've discussed Troll Tracker here before — the anonymous blogger who was outed last month as Rick Frenkel, a Cisco lawyer. Since then, two lawyers from the notoriously patent-friendly Eastern District of Texas have filed defamation suits against Frenkel and Cisco, and Frenkel's blog has been shuttered. One of the plaintiffs, a renowned patent judge's son, may have been hunting the anonymous blogger for months. This week Cisco announced new blogging guidelines in response to the Troll Tracker fiasco. The company acknowledged that 'a few Cisco employees used poor judgment' during secret-blog-time, but they're largely standing by their man. Cisco's new rules will prohibit only anonymous blogging by employees about issues for which 'they have responsibilities at Cisco.

Nintendo profit jumps, offers moderate outlook

Japan's Nintendo Co. Ltd., maker of the hit Wii game console, said yesterday fourth-quarter profit jumped 60 per cent, but it forecast modest annual growth of 9 per cent as it expects sales of its DS handheld machine to slow. Starting with the DS, and then the Wii, Nintendo has more than doubled its operating profit for two years running. Operating profit for the January-March quarter surged to ¥93.2-billion ($900-million), beating a Reuters Estimates consensus of ¥82-billion from 19 analysts. But Nintendo expects operating profit to climb to ¥530-billion this business year, 6 per cent below the average analyst estimate of ¥566.5-billion. Nintendo forecast profit to grow 26 per cent to ¥325-billion on a sharp fall in currency appraisal losses.

eBay: Expectations Rising Heading Into Wednesday Earnings

Expectations are rising for eBay’s (EBAY) Q1 results heading into its announcement after the close on Wednesday. This morning, a number of analysts weighed in on their expectations for the quarter, with most anticipating a strong report. This trend has been building for several weeks; eBay shares have gained more than 22% since mid-March. Given rising expectations, you have to wonder if the stock can continue the rally unless the company really does blow away expectations.

Cisco Turns Routers Into Linux App Servers

symbolset writes "InternetNews is reporting that Cisco's new Application eXtension Platform turns several models of Cisco switches into Linux application servers. With certified libraries in C, Java and Perl, developers will be able to use a downloadable SDK to build their apps. The AXP server is just another module in a Cisco switch running Cisco's own derivation of a modern Linux distro (Kernel 2.6.x) specifically hardened to run on that particular hardware. Modules will include up to 1.4-GHz Intel Pentiums with 2 GB RAM and a 160 GB hard drive."

Google's first-quarter profit rises 30 percent, beats analyst expectations

SAN FRANCISCO: Google Inc. tweaked its online advertising formula and accelerated its growth outside the United States to produce a first-quarter profit that surpassed analysts' predictions, alleviating some of the economic worries battering its stock this year.

UPDATE: Best Buy Shares Rise On Profit That Beats Expectations

NEW YORK (Dow Jones) -- Best Buy Co. on Wednesday reported fourth-quarter profit fell 3.4%, hurt by lower same-store sales of MP3 players and appliances. The decline was less than analysts expected, sending the largest U.S. electronics retailer's shares higher.

Blue Nile shares rise as profit falls but beats expectations

NEW YORK (AP) -- Shares of Blue Nile Inc. rose Wednesday, after the online jewelry retailer beat first-quarter expectations.

McAfee first-quarter profit falls to 19 cents a share

said late Thursday that its first-quarter profit fell to $31.6 million, or 19 cents a share, from $43.4 million, or 27 cents a share, in the year ago period. Excluding items, the company would have reported a profit of 43 cents a share in the latest quarter. Revenue rose to $369.6 million from $314.9 million last year. Analysts surveyed by FactSet Research estimated an adjusted quarterly profit of 42 cents a share on revenue of $352 million. The company sees a second-quarter profit of 42 cents to 47 cents a share on revenue of $360 million to $375 million. Analysts expect 43 cents a share on revenue of $355.2 million. Separately, McAfee said it signed a multi-year worldwide partnership with computer maker Acer Inc. to provide McAfee Internet Security Suite with SiteAdvisor for Acer's consumer customers.

Cisco Firewall Video Mentor from Cisco Press Now Available

INDIANAPOLIS - Cisco Press, which broke new ground in 2006 with the CCNA® Video Mentor, today announced the launch of the Cisco Firewall Video Mentor, the first non-certification and networking technology product in the series.

VeriSign (VRSN) Beats Earnings Expectations

VeriSign (VRSN: sentiment, chart, options) also stepped into the earnings spotlight last night, posting a first-quarter loss of $18.6 million, or 9 cents per share, compared to its year-ago profit of $61.8 million, or 25 cents per share. Excluding one-time items, earnings would have been 21 cents per share on revenue of $354.3 million. The consensus estimate was for a profit of 19 cents per share on revenue of $261.2 million.

Cisco Turns Routers Into Linux Application Servers

Networking goliath Cisco (NASDAQ: CSCO) is now opening its Integrated Services Router (ISR) and Cisco Wide Area Application Services (WAAS) platforms to become Linux-based application server platforms. The move could have wide-ranging implications, as Cisco's gear has millions of deployments that now can be leveraged to serve applications directly.

Using Interlink Networks RAD-Series RADIUS Server with Cisco Devices

Cisco networking equipment is frequently used in both service provider and enterprise networks. Cisco devices can utilize the Interlink Networks RAD-Series AAA server to provide a centralized mechanism for controlling and monitoring network access. The Interlink Networks RAD-Series AAA server can also be used with Cisco devices as a powerful central access management tool.

Using Interlink Networks RAD-Series RADIUS Server with Cisco Devices

Cisco networking equipment is frequently used in both service provider and enterprise networks. Cisco devices can utilize the Interlink Networks RAD-Series AAA server to provide a centralized mechanism for controlling and monitoring network access. The Interlink Networks RAD-Series AAA server can also be used with Cisco devices as a powerful central access management tool.

Earnings roundup: Cisco, Walt Disney

SAN JOSE, Calif. (AP) -- Cisco Systems Inc.'s profit fell 5 percent in its fiscal third quarter but beat Wall Street's expectations, a sign the turbulent U.S. economy didn't rattle the world's largest networking equipment maker as hard as expected.

Best Buy Beats Expectations With a Slight Drop in Profit

MINNEAPOLIS (AP) — Best Buy, the nation’s largest consumer electronics retailer, ended its year with a 3 percent drop in fourth-quarter earnings.

Best Buy 4Q Profit Falls, but Beats Expectations, Shares Rise

MINNEAPOLIS (AP) - Best Buy ended its year with a 3 percent drop in its fourth-quarter earnings as the nation's largest consumer electronics retailer suffered from a weaker economy.

Best Buy 4Q profit falls, but beats expectations, shares rise

RICHFIELD, Minn. - Best Buy Co., the nation's largest consumer electronics retailer, said Wednesday its fourth-quarter earnings slipped 3 percent as customer traffic slowed after the holidays, but it still beat Wall Street estimates.

Pfizer 1Q profit falls on buyout charges, patent losses

the world's biggest drugmaker, reported an 18 percent drop Thursday in its first-quarter profit on tougher generic competition but said it still expects to meet profit expectations for the full-year.

Pfizer 1Q profit falls on buyout charges, patent losses

Pfizer Inc., the world's biggest drugmaker, reported an 18 percent drop Thursday in its first-quarter profit on tougher generic competition but said it still expects to meet profit expectations for the full-year.

Pfizer 1Q profit falls on buyout charges, patent losses

NEW YORK (AP) -- Pfizer Inc., the world's biggest drugmaker, reported an 18 percent drop Thursday in its first-quarter profit on tougher generic competition but said it still expects to meet profit expectations for the full-year.

LG Electronics Swings To Profit In Q1 - Quick Facts

(RTTNews) - South Korean mobile phone and appliance maker LG Electronics Inc., (LGERF.PK) reported first-quarter profit of 422 billion won, compared to a net loss of 123 billion won in the same quarter of 2007. The company attributed the current quarter profit to record mobile phone sales, strong performance in overseas and gains from its investment in flat panel maker LG Display. On a parent basis, Sales during the quarter rose 14.8% to 6.927 billion won from 6.034 billion won in the last year quarter. Operating profit w

Google profit beats forecasts, shares jump

on Thursday posted a better-than-expected profit, defying fears the company is facing an Internet advertising slowdown and sending its shares past the $500 mark in extended trade.

Google profit beats forecasts, shares jump

SAN FRANCISCO (Reuters) - Google on Thursday posted a better-than-expected profit, defying fears the company is facing an Internet advertising slowdown and sending its shares past the $500 mark in extended trade.

Ebay beats expectations with 24% surge in revenues

Ebay, the online auctioneer, last night impressed investors with a 24 per cent surge in first-quarter revenues, beating all Wall Street expectations.

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