We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cisco (CSCO) Beats (Like Always), Ups Guidance; Plus MGM
Read MoreHide Full Article
Silicon Valley tech major Cisco Systems (CSCO - Free Report) has reported fiscal Q2 2019 numbers after the bell Wednesday, and the results were routinely better than expected. Earnings of 73 cents per share topped the Zacks consensus by a penny, on $12.45 billion in quarterly sales that outperformed the $12.40 billion our analysts were looking for. The Zacks Rank #3 (Hold)-rated company ahead of the earnings release has not missed bottom-line expectations since we recalibrated results for technology firms in calendar Q4 of 2015.
What’s pushing shares of Cisco northward in late trading is the company guidance for its fiscal Q3 (ending April), toward an earnings range of 76-78 cents per share on revenues expected to grow 4-6% year over year. The Zacks consensus for these figures had been 75 cents per share on revenue growth expected at 2-3%. Also, Cisco has raised its dividend by 6% and announced a $15 billion share buyback program.
Shares had already gone back up toward multi-year highs prior to this earnings report, and now we’re seeing a new bid up roughly 3.7% in the after-market.
MGM Resorts (MGM - Free Report) also surpassed expectations by a penny to 14 cents per share, on revenues of $3.05 billion in the quarter which took out the Zacks consensus estimate of $2.95 billion. This Zacks Rank #3-rated company also increased its dividend yield, by 8%, on in-line China revenues and its Las Vegas segment which beat relatively easy year-over-year comps. MGM has only missed bottom-line estimates 3 times in the last 4 years.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
Cisco (CSCO) Beats (Like Always), Ups Guidance; Plus MGM
Silicon Valley tech major Cisco Systems (CSCO - Free Report) has reported fiscal Q2 2019 numbers after the bell Wednesday, and the results were routinely better than expected. Earnings of 73 cents per share topped the Zacks consensus by a penny, on $12.45 billion in quarterly sales that outperformed the $12.40 billion our analysts were looking for. The Zacks Rank #3 (Hold)-rated company ahead of the earnings release has not missed bottom-line expectations since we recalibrated results for technology firms in calendar Q4 of 2015.
What’s pushing shares of Cisco northward in late trading is the company guidance for its fiscal Q3 (ending April), toward an earnings range of 76-78 cents per share on revenues expected to grow 4-6% year over year. The Zacks consensus for these figures had been 75 cents per share on revenue growth expected at 2-3%. Also, Cisco has raised its dividend by 6% and announced a $15 billion share buyback program.
Shares had already gone back up toward multi-year highs prior to this earnings report, and now we’re seeing a new bid up roughly 3.7% in the after-market.
MGM Resorts (MGM - Free Report) also surpassed expectations by a penny to 14 cents per share, on revenues of $3.05 billion in the quarter which took out the Zacks consensus estimate of $2.95 billion. This Zacks Rank #3-rated company also increased its dividend yield, by 8%, on in-line China revenues and its Las Vegas segment which beat relatively easy year-over-year comps. MGM has only missed bottom-line estimates 3 times in the last 4 years.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>