Stocks to Watch: Cisco, AOL, Disney

NEW YORK -- AOL(AOL) , the Internet media company, reported Wednesday first-quarter net income of $21.1 million, or 22 cents a share, up from year-earlier earnings of $4.7 million, or 4 cents.

Revenue fell 4% from a year earlier to $529.4 million.

Analysts, on average, were expecting earnings of 7 cents a share on revenue of $526.48 million.

Shares of AOL fell 1.09% in premarket trading Wednesday to $25.30.

Social media company Demand Media(DMD) reported Tuesday first-quarter adjusted earnings of $5.9 million, or 7 cents a share, on revenue of $82.9 million, topping analysts' estimates of 5 cents a share on revenue of $79.7 million.

Shares of Demand Media rose 22.95% in premarket trading Wednesday to $9.75.

Dow component Cisco(CSCO) will report fiscal third-quarter earnings after the closing bell Wednesday, and analysts expect profit of 47 cents a share on revenue of $11.57 billion.

Cisco, the world's largest maker of computer networking equipment, is expected to reveal Wednesday more evidence of its turnaround.

Cisco shares ticked down 12 cents, or 0.64%, to $18.59 in premarket trading Wednesday.

HP: Undervalued and Preparing for Apple Assault

Fellow Dow component Walt Disney(DIS) posted fiscal second-quarter revenue Tuesday of $9.63 billion, up 6% from last year and ahead of Wall Street's consensus view of $9.56 billion.

Earnings excluding items at the media and entertainment giant came in at 58 cents a share, 3 cents ahead of analysts' estimates.