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Cisco Earnings Beat in Q4, but Guidance falls short of Investing.com




© Reuters. Cisco Earnings, Revenue Beat in Q4

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. [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.

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