- Company News: Cisco Systems (CSCO) Q3 results beat expectations
Market news
19 May 2016
Company News: Cisco Systems (CSCO) Q3 results beat expectations
Cisco Systems reported Q3 FY 2016 earnings of $0.57 per share (versus $0.54 in Q3 FY 2015), beating analysts' consensus of $0.55.
The company's quarterly revenues amounted to $12 bln (-1.1% y/y), slightly beating consensus estimate of $11.952 bln.
The company issued guidance for Q4, projecting EPS of $0.59-0.61 (versus analysts' consensus estimate of $0.58) and revenues of $12.36-12.73 bln (+0-3% y/y) (versus analysts' consensus estimate of $12.43 bln).
CSCO rose to $28.25 (+5.73%) in pre-market trading.
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