Skip to content
In its continued effort to meet ongoing sustainability goals, Anheuser-Busch recently converted 180 trucks to renewable natural gas. ...
Cisco released its fourth quarter earnings report after hours on Wednesday, beating on both its top and bottom lines. The company offered a forecast for its first quarter revenue which fell below investors’ expectations, anticipating a decline between 9% to 11%. Yahoo Finance’s Myles Udland breaks down the company’s earnings report....
The Wall Street Journal is reporting that airlines are withholding billions of dollars in refunds as travelers continue to cancel their trips amid the coronavirus pandemic. Yahoo Finance's Sibile Marcellus and Kristin Myers discuss. ...
(Bloomberg) -- Cisco Systems Inc. gave a lackluster sales forecast for the current period, a sign that businesses and government agencies are spending less in the pandemic-driven recession.Revenue will fall 9% to 11% from a year earlier in the fiscal first quarter, which ends in late October, the San Jose, California-based company said Wednesday in a statement. Analysts on average had projected a decline of about 7%. Adjusted profit will be 69 cents to 71 cents a share, lower than Wall Street expectations of 76 cents, according to data compiled by Bloomberg.Cisco shares fell about 4% in extended trading. The stock closed at $48.10 in New York earlier. A large chunk of Cisco’s revenue comes from government agencies and small and medium-sized businesses. Many of these customers have cut spending to adjust to an economic slowdown sparked by Covid-19 lockdowns.Chief Executive Officer Chuck Robbins is trying to reduce Cisco’s reliance on...
