• After yesterday’s close, Cisco (NASDAQ:CSCO) reported fiscal fourth quarter adjusted earnings of 43 cents a share as revenues increased 27% to $10.84 billion, just below Zacks estimates at $10.86 billion. The company said it sees first-quarter revenue of $10.62 billion to $10.82 billion, an 18-20% y/y increase
• Advance Auto Parts (NYSE:AAP) posted second quarter earnings of $1.16, fourteen cents above Zacks projections, on a 7.2% revenue increase to $1.42 billion, just above estimates of $1.41 billion
• Goldman Sachs (NYSE:GS) maintained a “buy” on Macy’s (NYSE:M) and raised its price target to $24 from $22, after Macy’s reported better-than-expected results yesterday and issues upside guidance. Goldman raised 2010 earnings estimate to $1.90 from $1.78 and 2011 to $2.15 from $2.01
• Citigroup (NYSE:C) upgraded eBay (NASDAQ:EBAY) to “buy” from “hold,” maintaining a $28 price target on the shares, noting valuation appeal after recent sell-off
• Briggs & Stratton (NYSE:BGG) posted better-than-expected earnings of 36 cents, a 12-cent beat on revenues of $615.6 million, up from estimates of $538 million. The company set guidance for 2011 at $1.20-$1.40, versus Street estimates of $1.31
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
BRIGGS & STRATT (BGG): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
EBAY INC (EBAY): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
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