- Company News: Cisco Systems (CSCO) quarterly results beat analysts’ expectations
Market news
17 November 2016
Company News: Cisco Systems (CSCO) quarterly results beat analysts’ expectations
Cisco Systems reported Q1 FY 2017 earnings of $0.61 per share (versus $0.59 in Q1 FY 2017), beating analysts' consensus estimate of $0.59.
The company's quarterly revenues amounted to $12.352 bln (-2.6% y/y), slightly beating analysts' consensus estimate of $12.332 bln.
The company also issued downside guidance for Q2, projecting EPS of ~$0.55-0.57 (versus analysts' consensus estimate of $0.59) and revenues ~$11.27-11.51 bln (down 2-4% y/y and versus analysts' consensus estimate of $12.15 bln).
CSCO fell to $30.44 (-3.58%) in pre-market trading.
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