In the news: Earnings from Walmart, Cisco and Kohl's and Green Mountain raising prices


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Thursday headlines include: lowered guidance from Walmart, more layoffs from Cisco, bidders emerging for General Electric's appliance unit, earnings from Kohls and price increases coming to Keurig products.


Retailer Walmart ( WMT ) said Thursday that it earned $1.26 per share in the second quarter on revenue of $120.13 billion. Earnings from continuing operations were $1.21 per share. Analysts had expected the company to earn $1.21 per share on $119.0 billion in revenue. The company also lowered its full-year earnings forecast to 44.90 to $5.25 per share from a prior forecast for $5.10 to $5.45 per share.

Cisco Systems

Cisco systems ( CSCO ) said Wednesday that it earned 55 cents per share on an adjusted basis in its fourth fiscal quarter. Revenue was $12.4 billion. Analysts had expected the company to earn 53 cents per share on $12.1 billion in revenue. The company also said it plans to cut 6,000 jobs in addition to previously announced layoffs.

General Electric

A pair of bidders have emerged for General Electric's ( GE ) appliance business, Bloomberg is reporting. The iconic business could fetch up to $2 billion according to Bloomberg's sources. The bidders include Electrolux AB, a Swedish appliance maker, and Quirky, a startup that would partner with private equity to buy the appliance unit.


Retailer Kohl's ( KSS ) said Thursday that it earned $1.13 per share. That compares to analyst estimates for $1.07 per share. Revenue was $4.24 billion, which was just short of estimates for $4.28 billion. Same-store sales fell by 1.3 percent in the quarter, compared to estimates for a 0.6 percent decline.

Keurig Green Mountain

Single-serving coffee-cup maker Keurig Green Mountain (gmcr) plans to raise prices by about 9% in November due to rising costs for coffee. The company said costs for packaging, energy and transportation have also risen. The new prices will go into effect on Nov. 3.

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This article appears in: Investing , Earnings , Technology
More Headlines for: WMT , CSCO , GE

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