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

Market news

16 August 2018

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

Cisco Systems (CSCO) reported Q4 FY 2018 earnings of $0.70 per share (versus $0.61 in Q4 FY 2017), beating analysts' consensus estimate of $0.69.

The company's quarterly revenues amounted to $12.844 bln (+5.9% y/y), generally in line with analysts' consensus estimate of $12.762 bln.

The company also issued upside guidance for Q1 FY 2019, projecting EPS of $0.70-0.72 (versus analysts' consensus estimate of $0.69) and revenues of ~$12.74-13.0 bln (versus analysts' consensus estimate of $12.58 bln).

CSCO rose to $46.76 (+6.61%) in pre-market trading.

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