• Company News: Cisco Systems (CSCO) Q3 EPS beat analysts’ estimates

Market news

18 May 2017

Company News: Cisco Systems (CSCO) Q3 EPS beat analysts’ estimates

Cisco Systems (CSCO) reported Q3 FY 2017 earnings of $0.60 per share (versus $0.57 in Q3 FY 2016), beating analysts' consensus of $0.58.

The company's quarterly revenues amounted to $11.940 bln (-0.5% y/y), generally in-line with analysts' consensus estimate of $11.900 bln.

The company also issued guidance for Q4, projecting EPS of $0.60-0.62 (versus analysts' consensus estimate of $0.62) and revenues of $11.88-12.13 bln, down 4-6% y/y (versus analysts' consensus estimate of $12.53 bln).

CSCO fell to $31.22 (-7.69%) in pre-market trading.

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