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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Aug 10, 2011 4:11 PM Flag

    Chambers came through on CSCO earnings (OT)

    40 cents a share vs. 38 cents consensus.
    Revs. of $11.2B vs. $10.9 consensus.

    Now we'll have to see about guidance for fiscal 2012 which ends in June 2012.

    The stock is currently selling AH at $14.10, up about 35 cents from the NYSE close. The conference call starts in 20 minutes.

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    • ilaughatallthewrongjokes ilaughatallthewrongjokes Aug 10, 2011 4:27 PM Flag

      Chambers is pretty conservative. I don't know what he can say about the future, given the macroeco factors.

      JNPR has eaten into its market share.

      The only positive thing I can say is I had to look at a ten year chart to see CSCO trading along in here.

      If this isn't CSCO's bottom, I'd say 'katie bar the door'.

      13.87 on around 4mm AH shares.


      • 1 Reply to ilaughatallthewrongjokes
      • Check that AH price again. As of about three minutes ago, it was $14.53, up over 5%.

        What Chambers is saying at the conference call is that there will be "continued imporovment in operatons.

        It's the type of thing that hack rookie Pfizer CEO Read SHOULD have said but didn't. Even a man as conservative as John Chambers is seeing fit to raise guidance. But Read wouldn't do it despite an ultraconservative original estimate followed by two small beats.

        When you issue a conservative original estimate and then beat the first two quarters, you just HAVE to raise at least the lower end of full-year guidance.

        A number of analysts have taken down Pfizer's Q3 and Q4 estimates since earnings came out because if you beat in the first half but full-year estimates just remain the same, it means that the company would be expected to MISS in the second half.

        By the way, CSCO has moved up some more AH and is now at 414.85, up $1.12 or over 8% from the NYSE close.

        I guess that the 413.75 margin-safe point won't be seriously threatened tomorrow.

    • Correction: Consensus revenues were $10.98B - not $10.9B..

      The range of estimates was 36 cents to 41 and actual was 40 versus a consensus of 38.

      The high on the Street for revenues was $11.16B and rounded, actual was $11.2B. CNBC said that actual was "just below" $11.2B.

      The stock is currently trading at $13.98 AH, up about 25 cents from the close in regular trading. The conference call where guidance will be offered starts in ten minutes. That will be key.

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