Cisco Earnings Beat in Q4, but Guidance falls short of

© Reuters. Cisco Earnings, Revenue Beat in Q4 – 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 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. [19659004] 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.

Disclaimer: Fusion Media will remind you that the data on this site is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges, but rather by market makers, so prices may not be accurate and may differ from actual market prices, which means prices is indicative and not appropriate for trading purposes. Therefore, Fusion Media bears no responsibility for any trade loss you may incur as a result of using this data.

Fusion Media or anyone involved in Fusion Media will not be liable for any loss or damage as a result of the information including the data, offers, charts and purchase / sale of signals on this site. Be fully informed about the risks and costs associated with trading in the financial markets, it is one of the most risky forms of investment possible.

Source link

Back to top button