Investing.com – Cisco (NASDAQ 🙂 delivered weaker-than-expected guidance Wednesday, offsetting fourth-quarter results that beat analysts' expectations top and bottom.
Cisco said first-quarter fiscal earnings in the range of $ 0.80 to 0.82 per share on sales of $ 12.68 billion to $ 12.93 billion, short of S&P Capital IQ's expectations of 0, $ 83 a share of revenue of $ 1[ads1]3.41 billion.
$ 0.83 S&P
$ 0.83 S&P
~ $ 12.68-12.93 billion vs.
The online company reported a fourth quarter financial of $ 0.83 per share on revenue of $ 13.43 billion dollars. Analysts polled by Investing.com expected earnings per share of $ 0.81 on revenue of $ 13.39 billion. This compares with revenue of $ 0.70 on revenue of $ 12.84 billion in the same period last year. The company had reported earnings per share of $ 0.78 on revenue of $ 12.96 billion in the previous quarter.
Prior to Cisco's revenues in the fourth quarter, analysts had projected lower enterprise spending on network equipment as headwinds that could cause heavy growth.  However, revenue from the Infrastructure Platforms division, which accounts for most of total revenue, rose 6% to $ 7.88 billion, above the $ 7.84 billion consensus among analysts polled by FactSet.
sales of data center network products, including switches and routers.
Shares in Cisco (NASDAQ 🙂 fell 6.24% in trading after demand for the report.
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