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Tapestry Falls, Deere Slides, Cisco Drops After Cautious Forecast

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Manage episode 500251664 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:
- Tapestry (TPR) shares fall as its' annual outlook for a key profit metric missed analysts’ forecasts due in part to tariffs. It's a sign that Wall Street is still adjusting to the full cost of duties for US firms.
- Deere (DE) shares slide as the world’s biggest farm machinery maker pared its full-year earnings outlook with lower grain prices curbing farmers’ spending. “Customers remain cautious amid ongoing uncertainty,” Deere said in a statement Thursday as the company announced third-quarter earnings. - Cisco (CSCO) shares drop after the company gave a cautious forecast for the current fiscal year, with revenue expected to range from $59 billion to $60 billion. Chief Executive Officer Chuck Robbins said Federal business should return to growth during the new fiscal year, and the company will play a role in the Stargate project in the United Arab Emirates.

See omnystudio.com/listener for privacy information.

  continue reading

775 episodes

Artwork
iconShare
 
Manage episode 500251664 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:
- Tapestry (TPR) shares fall as its' annual outlook for a key profit metric missed analysts’ forecasts due in part to tariffs. It's a sign that Wall Street is still adjusting to the full cost of duties for US firms.
- Deere (DE) shares slide as the world’s biggest farm machinery maker pared its full-year earnings outlook with lower grain prices curbing farmers’ spending. “Customers remain cautious amid ongoing uncertainty,” Deere said in a statement Thursday as the company announced third-quarter earnings. - Cisco (CSCO) shares drop after the company gave a cautious forecast for the current fiscal year, with revenue expected to range from $59 billion to $60 billion. Chief Executive Officer Chuck Robbins said Federal business should return to growth during the new fiscal year, and the company will play a role in the Stargate project in the United Arab Emirates.

See omnystudio.com/listener for privacy information.

  continue reading

775 episodes

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