Amid a sea of earnings disappointments this quarter, Cisco Systems Inc. surprised Wall Street on Wednesday as it moved beyond pandemic supply-chain issues to gain its best handle on demand in recent years. Cisco executives CSCO, -0.43% reported fiscal second-quarter earnings that blew past expectations for the holiday quarter, raised their outlook for the next…
From Cisco to Amazon, Salesforce, HP, Roku, Beyond Meat, Meta and Twitter, big names across a number of sectors have announced major layoffs in recent months. Cisco Systems Inc. CSCO, +3.07% has begun previously announced layoffs, cutting nearly 700 jobs in Silicon Valley in December, according to filings with the state of California in January….
Earnings season for the technology sector is just about over. It’s been a mixed bag. Slower economic growth and higher interest rates put a damper on revenue. Some of the biggest names in tech have come up short, leading to rare selloffs. Meta META, -0.74%, Amazon AMZN, -0.76% and Alphabet GOOG, -1.23% come to mind. …
Even as price increases squeeze shoppers, analysts expect holiday-season sales to increase this year. With Walmart Inc., Target Corp. and discounters TJX Cos. and Ross Stores Inc. reporting results in the week ahead, we’ll hear straight from company executives whether analysts’ forecasts line up with their own. Based on the mood this earnings season, odds…
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue and forecast fell well short of Wall Street expectations as executives explained that supply problems caused by COVID lockdowns in China were the main culprit. Cisco CSCO, -4.43% shares dropped more than 15% after hours, following a 4.4% decline in…