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Limited Brands net profit slips, lifts outlook
(5:02 PM ET) SAN FRANCISCO (MarketWatch) -- Limited Brands Inc. LTD +0.16% , whose apparel lines include Pink and Victoria's Secret, reported late Wednesday its fiscal second-quarter profit fell to $143.6 million, or 49 cents a share, from $231.2 million, or 73 cents, a year ago. Adjusted to exclude one-time items, the company earned 50 cents a share in the latest quarter. Revenue for the three months ended July 28 slipped to $2.4 billion from $2.46 billion. Analysts polled by FactSet had expected the Columbus, Ohio-based company to earn 48 cents a share on $2.4 billion in revenue. The company raised its full-year earmings outlook to $2.73 to $2.88 a share from $2.63 to $2.83 a share. Limited Brands shares slipped 0.7% to $48.65 in after-hours trade. The stock is up 40% the past 12 months.
Agilent shares tumble on results, forecast
(4:44 PM ET) SAN FRANCISCO (MarketWatch) -- Agilent Technologies Inc. saw its shares slide more than 8% in after-hours trading on Wednesday after the maker of high-tech instruments reported lower-than-expected earnings for its third fiscal quarter and issued a disappointing forecast for the current period. Agilent A -0.02% said it expects adjusted earnings to come in the range of 80-82 cents per share for the October period, well below the 93 cents per share expected by analysts. Revenue for the period is expected to range between $1.76 billion and $1.78 billion; analysts were expecting $1.87 billion in revenue, according to FactSet. "We have clearly entered an environment of much slower growth, resulting in deals taking longer to close and customers delaying their order deliveries," Agilent president Bill Sullivansaid in a statement.
Agilent earnings fall 26%, missing estimates
(4:39 PM ET) SAN FRANCISCO (MarketWatch) -- Agilent Technologies Inc. reported a 26% drop in earnings for its third fiscal quarter on Wednesday afternoon, with the results missing Wall Street's targets for the period. For the period ended July 31, AgilentA -0.02% reported net income of $243 million, or 69 cents a share, compared to net income of $330 million, or 92 cents a share, for the same period last year. Adjusted earnings came in at $278 million, or 79 cents a share, for the recent quarter. Revenue rose by 2% to $1.72 billion. Analysts were expecting adjusted earnings of 83 cents a share on revenue of $1.79 billion, according to consensus estimates from FactSet.
PetSmart boosts profit 31%, shares rise 6%
(4:39 PM ET) SAN FRANCISCO (MarketWatch) -- PetSmart Inc. PETM -0.07% reported after the close Wednesday a second-quarter profit of $79 million, or 72 cents a share, up 31% from $61 million, or 54 cents a share, a year ago. The company reported a sales increase of 9% to $1.62 billion from $1.48 billion, but lost $4 million in unfavorable foreign currency fluctuations. Analysts polled by FactSet expected the Phoenix-based specialty pet retailer to gain 65 cents a share on $1.6 billion in sales. PetSmart's comparable store sales grew 7% from a year ago. The share price surged 6% to $71.43 in after-hour trades.
Applied Materials' shares down on weak forecast
(4:32 PM ET) SAN FRANCISCO (MarketWatch) -- Applied Materials Inc. AMAT +0.77% saw its shares fall more than 3% in after-hours trading on Wednesday after the maker of semiconductor manufacturing tools issued a forecast for the current fourth fiscal quarter that was well below Wall Street's estimates. The company projected earnings to come in the range of 0-6 cents per share for the October period; analysts had been expecting earnings of 12 cents a share. The company also said sales were expected to fall between 25% and 40% from the July period; Wall Street had been projecting a 16% decline. Applied CEO Mike Slinter said in a statement that "economic uncertainty is weighing on top of a seasonal pullback to produce weaker near-term demand."
Applied Materials' earnings drop 54% as sales fall
(4:22 PM ET) SAN FRANCISCO (MarketWatch) -- Applied Materials Inc. reported a 54% drop in earnings for its third fiscal quarter on Wednesday afternoon, though the results were largely in line with an earlier forecast from the company. For the period ended July 29, Applied Materials AMAT +0.77% reported net income of $218 million, or 17 cents a share, compared to net income of $476 million, or 36 cents a share, for the same period last year. Adjusted earnings came in at $431 million, or 24 cents a share, for the recent quarter. Revenue fell 16% to $2.34 billion. Analysts were expecting earnings of 22 cents a share on revenue of $2.3 billion, according to consensus estimates from FactSet.
NetApp expects gains in current quarter
(4:19 PM ET) SAN FRANCISCO (MarketWatch) -- NetApp Inc. NTAP +1.04% on Wednesday said that it expects to earn 45 cents to 50 cents a share, excluding one-time items, on revenue between $1.5 billion and $1.6 billion for its current, fiscal second quarter. Analysts surveyed by FactSet Research had earlier forecast NetApp to earn 46 cents a share on $1.54 billion in revenue for the quarter. Following the forecast, which also came with NetApp's first-quarter results, the company's shares rose as much as 7% in after-hours trading before giving up most of those gains.
Cisco shares rise as dividend hiked by 75%
(4:13 PM ET) SAN FRANCISCO (MarketWatch) -- Cisco Systems Inc. CSCO +1.05% said Wednesday afternoon that it has raised its quarterly dividend by 75% to 14 cents per share. The dividend will be payable on Oct. 24 to shareholders of record as of the close of business on Oct. 4. "Cisco has the financial strength and flexibility to effectively invest in our business, pursue strategic opportunities, such as acquisitions, as well as return a minimum of 50% of our free cash flow annually through dividends and share repurchases to our shareholders," CFO Frank Calderoni said in a statement. Shares of Cisco were up nearly 3% in after-hours trading Wednesday following the announcement, which also included the company's results for the fourth fiscal quarter.
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