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Mixed Session Gives Way to Mixed Cisco Q1 Results
BZHBeazer Homes USA(BZH) ZACKS·2024-11-14 14:25

Company Performance - Cisco Systems reported fiscal Q1 earnings of 0.91pershare,beatingexpectationsby0.91 per share, beating expectations by 0.04, but showing an 18% decline year over year [3] - Revenues for Cisco were 13.75billion,slightlymissingexpectationsanddown6.213.75 billion, slightly missing expectations and down 6.2% year over year [3] - Beazer Homes reported fiscal Q4 earnings of 1.69 per share, exceeding the Zacks consensus by 0.33,withrevenuesof0.33, with revenues of 784 million surpassing the expected 774.3million[5]MarketReaction−Ciscosharesremainedflatinafter−markettrading,withayear−to−dateincreaseof17774.3 million [5] Market Reaction - Cisco shares remained flat in after-market trading, with a year-to-date increase of 17%, lagging behind the S&P 500's 26% rise [4] - Beazer Homes shares increased by 12% following the strong fiscal Q4 report, reversing its negative year-to-date share price trend [5] Economic Indicators - The U.S. Federal Budget deficit for the month was reported at -257 billion, worse than the expected -243billionandsignificantlydownfromthepreviousmonth′s−243 billion and significantly down from the previous month's -67 billion [2]