Cisco’s Routing segment’s revenues fell 9% year-over-year in fiscal 4Q17 to $1.9 billion.
In fiscal 4Q17, Cisco Systems’ (CSCO) Collaboration revenues fell 3% year-over-year to ~$1.1 billion.
Cisco Systems launched its IoT (Internet of Things) threat defense solution, which utilizes scalable security architecture.
Cisco Systems’ (CSCO) Security segment reported revenues of $558 million in fiscal 4Q17, an increase of 3% year-over-year.
Cisco Systems (CSCO) announced its fiscal 4Q17 results on August 16. Cisco reported revenues of $12.1 billion in fiscal 4Q17, a fall of 4% year-over-year.
Gap (GPS) reported its 2Q17 results on August 17. The company reported adjusted diluted EPS of $0.58 and topped Wall Street analysts’ estimates.
Gap (GPS) reported total revenues of $3.8 billion in 2Q17 and beat the consensus by $30 million. On a YoY basis, the company’s top line fell 1.4%.
Gap (GPS) reported it 2Q17 results on August 17, 2017. The results pertain to the three-month period ending July 29, 2017.
According to the recent data compiled by Thomson Reuters, 24% of the 25 analysts covering Ford (F) stock gave it “buy” recommendations.
As of August 16, 2017, General Motors’ forward EV-to-EBITDA multiple was 5.9x. General Motors’ multiple was much lower than Ford’s multiple at 13.5x.
In 2Q17, General Motors’ (GM) adjusted EBIT (earnings before interest and taxes) stood at 3.7 billion. The company’s EBIT margin was 10.0% for the quarter.
In 2Q17, General Motors’ sales volume in China rose 1.6% to ~852,000 units due to higher demand for Baojun and Cadillac brand vehicles.
In 2Q17, Fiat Chrysler’s (FCAU) shipments in the European market rose ~8% to 395,000 vehicle units from 367,000 units in the same quarter the previous year.
Ford reported a 3% YoY increase in its revenues to $24.5 billion from the North America region. However, Ford’s sales in the region fell ~1%.
In 2Q17, General Motors’ revenues stood at $37.0 billion, which reflects a decrease of 1.1% compared to $37.4 billion in 2Q16.
During the 2Q17 earnings season, auto stocks (IYK) remained highly volatile with a mixed bias. As of August 17, 2017, Ford has fallen ~4.9% in 3Q17.
Analysts estimate that Seadrill’s (SDRL) 2Q17 EBITDA could be $233 million compared to $291 million in 1Q17.
Wall Street analysts expect Seadrill’s (SDRL) revenues to be just over $540 million in 2Q17, a 5% fall from its 1Q17 revenues of $569 million and a fall of 37.8% year-over-year.
Charter said it intended to use the proceeds from the debt offering for general corporate purposes such as buying back some of its shares.
Charter (CHTR), which has been the subject of merger rumors in recent months, reported a fairly strong performance across the board in its latest quarter.