Claman on Call: Heavyweights Turn in Mixed Earnings
A number of big heavyweights reported earnings after the bell Wednesday. Shares of Cisco traded higher after hours, after the tech giant beat analyst estimates for both revenue and earnings per share. The company also raised its quarterly dividend by two cents to 21 cents per share.
And Whole Foods topped estimates for earnings per share, while revenues cam in-line with expectations. Whole Foods shares traded about 3% higher following the earnings release.
And AOL reported fourth quarter earnings before the bell, beating expectations on the bottom line, but coming up short on revenue. With well-known brands under its belt, including Huffington Post and TechCrunch, AOL is making a big push into video and original content. Head to FOXBusiness.com/OnCall to see what AOL Chairman and CEO Tim Armstrong said about his plans to grow AOL's digital presence in the year ahead.
Coming up tomorrow, we'll be watching the January retail sales report, out at 8:30 a.m. ET.
Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.