Company News: Cisco Systems (CSCO) quarterly earnings beat analysts’ estimate

Market news

16 November 2017

Company News: Cisco Systems (CSCO) quarterly earnings beat analysts’ estimate

Cisco Systems (CSCO) reported Q1 FY 2018 earnings of $0.61 per share (versus $0.61 in Q1 FY 2017), beating analysts' consensus estimate of $0.60.

The company's quarterly revenues amounted to $12.136 bln (-1.7% y/y), generally in-line with analysts' consensus estimate of $12.111 bln.

The company also issued upside guidance for Q2 FY2018, projecting EPS of $0.58-0.60 (versus analysts' consensus estimate of $0.58) and revenues of ~$11.70-11.93 bln (+1-3%; versus analysts' consensus estimate of $11.69 bln).

CSCO rose to $36.24 (+6.24%) in pre-market trading.

Canada: Manufacturing Shipments (MoM), September 0.5% (forecast -0.3%)

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