Shares of Cisco Systems (CSCO) are rallying in after-hours trading on Wednesday after the company beat earnings expectations on both revenue and profit...
while also providing an upbeat outlook. Morningstar Equity Analyst William Kerwin joins Market Domination Overtime to discuss the company's performance and future prospects.
Uh We saw the results in the report and the guidance is generally positive mostly in line with what we were expecting.So generally positive. It's really a focus for Cisco on profitability, which is one of the things that we like most about the company, we're not concerned about its competitive position.So, you know, a little bit of fat trimming, a little bit of cost cutting but nothing worrisome.
DraftKings is scrapping its plans for a betting surcharge on winning bets in high-tax states after Flutter Entertainment — the parent company of sports betting rival FanDuel — rejected the idea during its earnings call Tuesday. Flutter's stock is jumping in Wednesday's session after beating second quarter earnings estimates. Market Domination Hosts Julie Hyman and Josh Schafer report more on the story and the tax policies on bets placed in different states across the US.
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