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

Market news

17 May 2018

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

Cisco Systems (CSCO) reported Q3 FY 2018 earnings of $0.66 per share (versus $0.60 in Q3 FY 2017), beating analysts' consensus estimate of $0.65.

The company's quarterly revenues amounted to $12.463 bln (+4.4% y/y), generally in-line with analysts' consensus estimate of $12.435 bln.

The company also issued in-line guidance for Q4 FY 2018, projecting EPS of $0.68-0.70 (versus analysts' consensus estimate of $0.69) and revenue growth of +4-6% y/y to est. $12.62-12.86 bln (versus analysts' consensus estimate of $12.72 bln).

CSCO fell to $43.27 (-4.19%) in pre-market trading.

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