Company News: Cisco Systems (CSCO) Q4 results beat analysts’ expectations

Market news

18 August 2016

Company News: Cisco Systems (CSCO) Q4 results beat analysts’ expectations

Cisco Systems reported Q4FY16 earnings of $0.63 per share (versus $0.59 in Q4FY15), beating analysts' consensus estimate of $0.60.

The company's quarterly revenues amounted to $12.638 bln (-1.6% y/y), slightly beating analysts' consensus estimate of $12.571 bln.

Cisco also issued guidance for Q1FY17, projecting EPS of $0.58-0.60 (versus analysts' consensus of $0.60) and revenue of approx. $12.15-12.39 bln, -1%-1% y/y (versus analysts' consensus of $12.49 bln).

CSCO fell to $30.22. (-1.63%) in pre-market trading.

Major stock indices in Europe moderately higher

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