Stock Market News: Cisco Systems, Time Warner Cable, Toyota Motor

• Cisco Systems (CSCO) reported better-than-expected first quarter adjusted earnings of 36 cents a share, versus 37 cents a year ago, beating Zacks estimates of 26 cents a share. Revenues of $9 billion, though off last year’s $10.3 billion, exceeded Zacks projections of $8.75 billion. Current quarter revenue guidance was lifted to 1%-4% growth from a year ago to $9.9 billion-$10.2 billion. CEO John Chambers said the numbers “continued to reflect strong sequential growth trends,” as he noted an improving economic outlook
• Toyota Motor (TM) reported a surprise quarterly profit and halved its annual loss estimate as both its revenue and cost-cutting expectations beat estimates after vehicle demand grew in the US and Asia. The company said it now sees a $2.2 billion loss for its fiscal year ending March
• Costco Wholesale (COST) reported same-store-sales rose 5% in October, ahead of estimates of a 4.7% gain, as a weak dollar boosted international results
• Hyatt (H) priced 38 million shares at $25, on its IPO
• Dr. Pepper Snapple (DPS) reported third quarter earnings of 54 cents a share, versus Zacks estimates of 49 cents a share on inline revenues of $1.4 billion
• CVS Caremark (CVS) reported earnings of 65 cents, one penny above Zacks estimates, on inline revenues of $24.6 billion
• Time Warner Cable (TWC) reported third quarter earnings of 76 cents a share, inline with Zacks estimates on revenues of $4.5 billion

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