Stocks to watch: Cisco, Green Mountain

Shares of the Dow component jump on better-than-expected earnings. The coffee producer plunges after sales fall short of forecasts.

By TheStreet Staff Nov 10, 2011 9:12AM

TheStreetBy Andrea Tse, TheStreet

 

Updated at 9 a.m. ET

 

Cisco Systems' (CSCO) fiscal-first-quarter results beat Wall Street's expectations, even though the Dow component's adjusted profit declined from a year earlier amid sluggish corporate spending. The tech bellwether posted a profit of $2.3 billion, or 43 cents per share, excluding certain items. That’s down from $2.4 billion, or 42 cents, a year earlier. Revenue rose 4.7% year over year to $11.3 billion. Analysts surveyed by Thomson Reuters had forecast earnings of 39 cents and revenue of $11.03 billion.

 

Green Mountain Coffee Roasters (GMCR) missed Wall Street's revenue expectations by a wide margin with its fiscal-fourth-quarter results. While sales rose 90% from a year earlier to $711.9 million, the total was 6% less than the $760.5 million analysts had expected.

 

Business software maker Pegasystems (PEGA) reported third-quarter adjusted earnings that fell short of Wall Street forecasts. The company posted a profit of $6 million, or 15 cents a share, excluding certain items. Revenue rose 6% to $95.5 million. Analysts had expected earnings of 31 cents on revenue of $111.3 million.

 

Nvidia (NVDA) is expected to report third-quarter profit of 26 cents a share after the markets close Thursday, more than last year's earnings of 15 cents.

 

Rare-earth-products producer Molycorp (MCP) is expected to report a third-quarter profit of 70 cents a share after the markets close, rebounding from a loss of 14 cents the same time last year.


Department store operator Kohl's (KSS) posted a third-quarter profit of 80 cents a share, beating the Wall Street consensus target by 1 cent.

 

Advance Auto Parts (AAP) reported third-quarter earnings of $1.41, beating the average analyst estimate of $1.18. The company also forecast full-year earnings of $4.90 to $4.95 a share, above the average analyst estimate of $4.69.

 

Stifel Financial (SF) swung to third-quarter profit of 35 cents a share from a loss of $1.65 a year ago but missed the average analyst estimate of 41 cents a share.

 

Department store operator Nordstrom (JWN) is expected to post third-quarter earnings of 59 cents a share after the markets close, up from 53 cents the same time last year.

 

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1Comment
Nov 10, 2011 12:05PM
avatar

With Green Mountain taking such a hit today does that mean Wall Street will be looking for the down side in the months to come? After all, they need their speed fluid to keep the market going.

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