JC Penney delivered third-quarter sales just shy of analyst estimates, but still posted a narrower than expected loss of 77 cents. The battered retailer's same-store sales were flat in the third-quarter, and JCP shares fell in after-hours trade.
Flipping it over to Cisco, the networking giant topped analyst estimates for revenue and earnings per share. Cisco also said that the company's CFO Frank Calderoni will step down effective Jan. 1, 2015. And Cisco's current SVP of Business Technology and Operations Fincance Kelly Kramer will take over the role.
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Now, taking a look at markets, the Dow Jones Industrial Average snapped its six-day record-closing streak. The Nasdaq, Russell 2000 and Dow Transports still finished the day in the green. Meanwhile, oil prices settled at a three-year low. WL Ross Chairman and CEO Wilbur Ross joined FBN to weigh in on the choppy market. Head to FOXBusiness.com/OnCall to find out why this investing lefgen thinks oil is the best place to park you money.
Plus, its the 3-D dilemma: Taking a look at a long term chart of 3D printing company 3D Systems, after a huge spike in December of last year, the company has traded down more than 60% so far this year. It also missed revenue estimates in the latest quarterly report. CEO Avi Reichental joined FBN and said it wasn't all bad news. He explained 3D Systems' revenue from metal printing increased by 241% in the first nine months of the year. Head to FOXBusiness.com/OnCall to see what he has in store for the fourth quarter.
Tomorrow, we'll get earnings from Wal-Mart, Nordstrom and Kohl's.