Wall Street drops as Cisco's dour outlook weighs
Cisco Systems Inc tumbled 7.7% after it warned current-quarter revenue would drop 3% to 5% amid declining global spending on its routers and switches, some of which are made in China.
Walmart Inc posted robust same-store sales growth and profit, while also raising its full-year earnings forecast. Shares were last up 0.1%, after hitting a record high earlier in the session. “ is not very much ... there has been pressure in things like Cisco which has outweighed the interest in better reports from Walmart,” said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.
Hopes of a resolution to the trade dispute as well as a largely upbeat corporate earnings season have spurred Wall Street to record highs this month, but President Donald Trump recently tempered expectations with the threat of more tariffs if China failed to reach a deal.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Cisco stock drops as outlook comes in below Street expectationsCisco Systems Inc. may have topped analyst expectations for the most recently completed quarter late Wednesday, but the networking giant’s weak outlook...
続きを読む »
Wall Street slips on trade worries, Hong Kong unrestWall Street edged lower on Wednesday as President Donald Trump's threat to ...
続きを読む »
Wall Street dips at open on global growth worriesU.S. stocks opened lower on Thursday as weak data from major economies and a dou...
続きを読む »
The Dow was perfectly unchanged on Tuesday, a rare occasion on Wall StreetThe 30-stock average closed flat going out at least six decimal places. It was the first unchanged close for the Dow since April 24, 2014.
続きを読む »
Viacom Q4 Net Beats Wall Street Estimates, With Paramount Back In Black For YearViacom reported fourth-quarter profit of 79 cents a share that beat Wall Street forecasts and Paramount Pictures returned to full-year profitability, though revenue slipped 1% to barely undershoot …
続きを読む »
Cisco stock falls as it forecasts revenue declineCisco called for revenue to fall on an annualized basis in the next quarter.
続きを読む »