On Wednesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 0.41% to $29.35.
Cisco Systems, stated its third quarter results for the period ended April 25, 2015. Cisco stated third quarter revenue of $12.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.4 billion or $0.47 per share, and non-GAAP net income of $2.8 billion or $0.54 per share.
Revenue for the first nine months of fiscal 2015 was $36.3 billion, contrast with $34.8 billion for the first nine months of fiscal 2014. Net income for the first nine months of fiscal 2015, on a GAAP basis, was $6.7 billion or $1.29 per share, contrast with $5.6 billion or $1.06 per share for the first nine months of fiscal 2014. Non-GAAP net income for the first nine months of fiscal 2015 was $8.3 billion or $1.62 per share, contrast with $8.0 billion or $1.51 per share for the first nine months of fiscal 2014.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of Nabors Industries Ltd. (NYSE:NBR), declined -1.48% to $15.98, during its last trading session.
BMO Capital Markets downgraded Nabors Industries to “market perform” from “outperform” on Wednesday.
The analyst firm set a price target of $18 for the oil company.
BMO also lowered its 2015 EPS estimates for Nabors to a loss of 7 cents from its previous estimate of a loss of 1 cent a share. The analyst firm raised its 2016 EPS estimates for the company to 34 cents a share from 19 cents a share “due to updated estimates for Equity Income related to CJES.”
Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well.
At the end of Wednesday’s trade, Shares of United States Steel Corp. (NYSE:X), gained 2.05% to $26.33.
United States Steel Corporation, President and Chief Executive Officer Mario Longhi recently declared that Nancy Sykes has been named vice president - human resources. In this position, she will be responsible for all facets of the company’s human resources, in addition to medical and health services. Sykes will be based at the company’s Pittsburgh headquarters and will join the company’s executive administration team.
“I am happy to welcome Nancy to U. S. Steel, where her broad expertise of global human resources administration will add immediate value to the organization,” Longhi said. “Her proven leadership in all human capital strategy and talent administration will serve our company well as we continue our Carnegie Way transformation.”
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.
Finally, The Procter & Gamble Company (NYSE:PG), ended its last trade with -0.31% loss, and closed at $79.70.
The Procter & Gamble Fabric Care’s brand Tide Pods has partnered with actress and model Maritza Rodriguez to demonstrate washable garments can be fashionable…even on the red carpet. Rodriguez sported a fully washable runway look, a Black Razor Dress from designer Giles Deacon, at the People en Español “Los 50 Más Bellos” Gala that took place this past Tuesday, May 12th in NY.
The Tide Pods® Washable Fashion Initiative came to life as a response to the ongoing demand for washable garments and raised consumer appetite for designer fashions. The initiative, which is supported by the Council of Fashion Designers of America (CFDA), also aims to educate the fashion industry about the benefits and possibilities of creating more designer fashions using machine-washable fabrics.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
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