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

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16 May 2019

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

Cisco Systems (CSCO) reported Q3 FY 2019 earnings of $0.78 per share (versus $0.66 in Q3 FY 2018), beating analysts’ consensus of $0.77.

The company’s quarterly revenues amounted to $12.958 bln (+4.0% y/y), generally in line with analysts’ consensus estimate of $12.887 bln.

The company also issued in-line guidance for Q4, projecting EPS of $0.80-0.82 (versus analysts’ consensus estimate of $0.81) and revenues of +4.5-6.5% to ~$13.21-13.46 bln (versus analysts’ consensus estimate of $13.29 bln).

CSCO rose to $54.25 (+3.45%) in pre-market trading.

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