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

Market news

14 May 2020

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

Cisco Systems (CSCO) reported Q3 FY 2020 earnings of $0.79 per share (versus $0.78 per share in Q3 FY 2019), beating analysts' consensus estimate of $0.71 per share.

The company's quarterly revenues amounted to $11.983 bln (-7.5% y/y), beating analysts' consensus estimate of $11.849 bln.

The company also issued guidance for Q4 FY 2020, projecting EPS of $0.72-0.74 (versus analysts' consensus estimate of $0.70) and revenues of -8.5-11.5% y/y, which we compute as $11.884-12.287 bln (versus analysts' consensus estimate of $11.96 bln).

CSCO rose to $43.21 (+3.00%) in pre-market trading.

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