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

Market news

14 November 2019

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

Cisco Systems (CSCO) reported Q1 FY 2020 earnings of $0.84 per share (versus $0.75 in Q1 FY 2019), beating analysts’ consensus estimate of $0.81.

The company’s quarterly revenues amounted to $13.159 bln (+0.7% y/y), generally in line with analysts’ consensus estimate of $13.090 bln.

The company also issued downside guidance for Q2 FY 2020, projecting EPS of $0.75-0.77 versus analysts’ consensus estimate of $0.79 and revenue of ~$11.82-12.07 bln (-3-5% y/y) versus analysts’ consensus estimate of $12.77 bln.

CSCO fell to $45.85 (-5.39%) in pre-market trading.

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