TripAdvisor (TRIP) reported quarterly earnings in line with estimates. The online travel research company said revenue grew 26% and beat Wall Street estimates. TripAdvisor's revenue was boosted by a surge in its display-based advertising, while its profits were hit by an increase in marketing and technology costs.
Fossil Group (FOSL), beat earnings estimates by $0.25. The retailer’s revenue grew 12% and beat estimates as well. In North America, Fossil's largest market, sales rose 13% in the last quarter. The company also forecast revenue to grow between 8% and 10% in 2014.
Deere & Company (DE), the world's largest farm equipment maker saw profits beat analysts’ estimates by $0.29. Revenue grew 3% and beat estimates as well. The company maintained its full-year earnings and sales guidance but said it expects equipment sales to fall 6% in the current quarter. Deere has been able to weather slacking demand for its farming equipment by streamlining its operations
And watch shares of Cisco Systems (CSCO). The company is expected to report quarterly results after the close today. The networking giant expects profits to decline by $0.05 a share from the previous year while revenue is expected to fall close to 9%. Investors are not expecting good news from Cisco after the company late last year warned that revenue would decline as much as 10% and would not recover for several quarters.
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