- Company News: Cisco (CSCO) quarterly earnings beat analysts’ estimate
Market news
13 February 2020
Company News: Cisco (CSCO) quarterly earnings beat analysts’ estimate
Cisco (CSCO) reported Q2 FY 2020 earnings of $0.77 per share (versus $0.73 per share in Q2 FY 2019), beating analysts' consensus estimate of $0.76 per share.
The company's quarterly revenues amounted to $12.000 bln (-3.6% y/y), roughly in line with analysts' consensus estimate of $11.982 bln.
The company also issues in-line guidance for Q3 FY 2020, projecting EPS of $0.79-0.81 versus analysts' consensus estimate of $0.80 and revenues of decline 1.5-3.5% y/y to $12.50-12.76 bln versus analysts' consensus estimate of $12.62 bln.
CSCO fell to $47.50 (-4.87%) in pre-market trading.
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