Wednesday, May 19, 2021

Cisco forecasts profit below estimates, cites supply chain issues

Cisco forecast fourth-quarter profit of 81 cents to 83 cents per share, compared with estimates of 85 cents per share, and said it expected 6% to 8% revenue growth. https://ift.tt/3f2BSuv

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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)

CNBC : IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 re...