9 May 2001, 17:11  US stocks seen pulled lower by Cisco on the open

New York, May 9 (BridgeNews) - U.S. stocks are likely to fall at the open as Cisco Systems Inc. (CSCO) gives back its previous day's gains after reporting third-quarter earnings late Tuesday. The networking company beat lowered earnings-per-share estimates by a penny and said it still should meet its revenue targets. But Chief Executive John Chambers said the company's visibility is still "extremely challenging."

© 1999-2024 Forex EuroClub
All rights reserved