By Penny Yi Wang for Medill News Service Cisco Systems Inc., reported a fiscal first quarter profit decline in line with expectations and reiterated a flat outlook, as emerging markets — which earlier fueled the Internet-equipment maker’s growth — continue to soften. For the quarter ended on October 25, net income of the router maker declined 8.4 […]Read more "Sagging offshore sales pinch Cisco earnings"
By Penny Yi Wang for Medill News Service The U.S. stock market posted strong gains Tuesday with most indices rising for a fourth consecutive session as quarterly earnings reports drove investors’ confidence.Read more "Strong earnings push stock market into the green"
By Penny Yi Wang for Medill News Service Shares of Caterpillar Inc. jumped after the manufacturing giant, helped by a surge in North American sales that more than offset a slowdown in international market, reported third-quarter earnings that dramatically surpassed Wall Street expectations. Net income for the Peoria-based heavy equipment maker inched up less than one […]Read more "CAT earnings bulldoze past forecasts"