Dell Rises on Stronger Outlook
Dell (DELL ) posted 31 cents, vs. 24 cents second-quarter earnings per share on a 20% revenue rise. The computer maker sees 33 cents third-quarter earnings per share on $12.5 billion in revenue. S&P reiterates hold. The results and guidance met analysts' expectations, on average.
Kohl's (KSS ) posted 45 cents, vs. 33 cents second-quarter earnings per share on 13% higher total sales. The department-store chain posted a 1.1% same store sale decline, but says it's confident it will return to a positive same-store sales increases in the third quarter.
Analog Devices (ADI ) posted 43 cents, vs. 21 cents third-quarter earnings per share (GAAP) on a 38% revenue rise. It says declining order rates led to slower-than-expected revenue growth, resulting in earnings per share at the low end of guidance. The chipmaker sees Q4 revenue and gross margin about flat with third-quarter levels, and said customers were becoming more cautious.
Morgan Stanley reportedly upgraded Cisco Systems (CSCO ) to overweight from equal-weight.
Charles Schwab (SCH ) says client daily average revenue trades in July were up 6% from June levels.
Information Holdings (IHI ) and Thomson received a request for additional information and documentary material from the Department of Justice following a review of a proposed acquisition of Information Holdings by Thomson.
Brocade Communications (BRCD ) sees better-than-expected 6 cents to 7 cents third-quarter earnings per share (GAAP) on revenue of $149.5 million to $150.5 million.
Agilent Technologies (A ) posted 30 cents third-quarter earnings per share (non-GAAP) vs. a 2-cent loss on a 25% revenue rise. S&P reiterates hold.
BEA Systems (BEAS ) posted 7 cents, vs. 6 cents second-quarter earnings per share (GAAP) on a 7% revenue rise. S&P reiterates hold.