Cisco Systems, Inc. (CSCO), Alibaba Group Holding Ltd (BABA), Macy's Inc. (M) and News Corporation (NWS) will announce the companies' quarterly financial results on Wednesday.
Business Finance reported that on Wednesday morning, Macy's will state its financial results; 3.75% EPS are expected due to its fall off in the preceding years. Concurrently, The Street analysts are figuring 0.75 EPS for $6.255B profit.
On the contrary, Alibaba is predicted to have a tough quarter as The Guardian Business blog mentioned that the largest e-commerce company in China owned by Jack Ma displeased the investors last year, dropping US shares to 6% and plummeting 26% EPS year after year. The e-commerce business had declared $0.84 EPS on $2.542B revenue. Even so, the previous quarter earnings had shrunk to $0.48 EPS on $2.811B.
Although, Baba's net income had raised to 12.34M yuan with the revenue increasing by 28% (20.25M yuan, which is equivalent to $3.27B), it contrasts the expected $3.32B.
This time, the analysts are guessing 0.59 EPS on revenue of $3.362B though the crowd forecasts 0.62 EPS for $3.421B revenue, cited on Benzinga.
Cisco will report its quarter earnings on the same day after the closing of the market. At this time, the Street analysts are forecasting the company to arrive at its highest peak since 2010 betting 0.56 EPS for $12.663B profit from 0.55 EPS last year.
However, Estimize is seeing 0.57 EPS of $12.672B delving it from 0.54 EPS of $12.137B revenue in the earlier quarter with 0.55 EPS on $12.357B listed in Q4 of 2014.
Along with Cisco, News Corp will issue its quarterly earnings after the market closing. Analysts are presuming the company behind the Market Watch will announce 0.05 EPS, according to Dakota Financial News.
News Corp was traded for 1.91% on Monday. The corporation has a $14.62 average of 50-day movement and an average movement of $15.58 for 200 days.
News Corporation is a diversified media entity holds cable network programming, book publishing, news and information services, digital real estate services and more.
Join the Conversation