3 Stocks Lighting Up Trading Screens After Earnings

Cisco Systems, Inc. (NASDAQ:CSCO) reported its results for the fourth quarter. Net income for Cisco Systems, Inc. fell to $1.23 billion (22 cents per share) vs. $1.94 billion (33 cents per share) a year earlier. This is a decline of 36.3% from the year earlier quarter. Revenue rose 3.3% to $11.2 billion from the year earlier quarter. CSCO reported adjusted net income of 40 cents per share. By that measure, the company beat the mean estimate of 32 cents per share. It beat the average revenue estimate of $10.97 billion.

“We’ve made significant progress on our comprehensive action plan to position ourselves for our next stage of growth and profitability, while delivering solid financial results in Q4,” said John Chambers, chairman and CEO, Cisco. “As we start our next fiscal year, you will see a very focused, agile, lean and aggressive company, that is laser focused on helping our customers use intelligent networks to transform their businesses.”

Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Juniper Networks, Inc. (NYSE:JNPR), Alcatel-Lucent (NYSE:ALU), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Extreme Networks, Inc (NASDAQ:EXTR), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Motorola Mobility Hldgs. Inc (NYSE:MMI), NetGear, Inc. (NASDAQ:NTGR), and ADTRAN, Inc. (NASDAQ:ADTN).

News Corporation (NASDAQ:NWSA) reported its results for the fourth quarter. Net income for the entertainment company fell to $683 million (26 cents per share) vs. $875 million (33 cents per share) a year earlier. This is a decline of 21.9% from the year earlier quarter. Rose 10.5% to $8.96 billion from the year earlier quarter. NWSA reported adjusted net income of 35 cents per share. By that measure, the company beat the mean estimate of 30 cents per share. It beat the average revenue estimate of $8.44 billion.

Commenting on the results, Chairman and Chief Executive Officer Rupert Murdoch said: “I’m pleased that once again News Corporation exhibited operational momentum in both the final quarter of fiscal 2011 and for the full year driven by significant increases at our market-leading Cable Network Programming and Television segments. While it has been a good quarter from a financial point of view, our company has faced challenges in recent weeks relating to our London tabloid, News of the World. We are acting decisively in the matter and will do whatever is necessary to prevent something like this from ever occurring again. “It is important to note that there has been no material impact on our other operations. Our broad, diverse group of businesses across the globe is extremely strong today. The drivers of our businesses are intact, our position is strong and our future is promising. Our fundamental goals at News Corp are to produce sustained, meaningful value for shareholders, provide outstanding content and services to customers and consumers – and do it with integrity. These goals are interrelated and all three are critically important. And we will deliver on them.”

Competitors to Watch: News Corporation (NASDAQ:NWS), The Walt Disney Company (NYSE:DIS), Time Warner Inc. (NYSE:TWX), The New York Times Company (NYSE:NYT), Gannett Co., Inc. (NYSE:GCI), and CBS Corporation (NYSE:CBS).

Macy’s Inc. (NYSE:M) reported net income above Wall Street’s expectations for the second quarter. Net income for the department store rose to $241 million (55 cents per share) vs. $147 million (35 cents per share) in the same quarter a year earlier. This marks a rise of 63.9% from the year earlier quarter. Rose 7.3% to $5.94 billion from the year earlier quarter. M beat the mean analyst estimate of 47 cents per share. Analysts were expecting revenue of $5.86 billion.

“This was our most successful second quarter and spring season in more than a decade. Importantly, it came on top of an impressive first half performance last year. To date this year, we have driven significant additional sales growth, gained market share, maintained strong margins, managed expenses and generated a very healthy level of cash,” said Terry J. Lundgren, Macy’s, Inc. chairman, president and chief executive officer.

Competitors to Watch: Saks Incorporated (NYSE:SKS), J.C. Penney Company, Inc. (NYSE:JCP), Kohl’s Corporation (NYSE:KSS), Nordstrom, Inc. (NYSE:JWN), Dillard’s, Inc. (NYSE:DDS), Sears Holdings Corporation (NASDAQ:SHLD), Target Corporation (NYSE:TGT), Wal-Mart Stores, Inc. (NYSE:WMT), and The TJX Companies, Inc. (NYSE:TJX).

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