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

Market news

15 August 2019

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

Cisco Systems (CSCO) reported Q4 FY 2019 earnings of $0.83 per share (versus $0.70 in Q4 FY 2018), beating analysts’ consensus estimate of $0.82.

The company’s quarterly revenues amounted to $13.428 bln (+4.5% y/y), generally in line with analysts’ consensus estimate of $13.392 bln.

The company also issued downside guidance for Q1 FY 2020, projecting EPS of $0.80-0.82 (versus analysts’ consensus estimate of $0.83) and revenues of +0-2% to ~$12.68-12.93 bln (versus analysts’ consensus estimate of $13.41 bln).

CSCO fell to $46.59 (-7.94%) in pre-market trading.

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