15.05.2024 22:13:15 - dpa-AFX: Cisco Systems Inc. Q3 Profit Decreases, But Beats Estimates

SAN FRANCISCO (dpa-AFX) - Cisco Systems Inc. (CSCO) announced a profit for
third quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $1.89 billion, or $0.46 per share. This
compares with $3.21 billion, or $0.78 per share, in last year's third quarter.

Excluding items, Cisco Systems Inc. reported adjusted earnings of $3.55 billion
or $0.88 per share for the period.

Analysts on average had expected the company to earn $0.82 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 12.8% to $12.70 billion from $14.57
billion last year.

Cisco Systems Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $1.89 Bln. vs. $3.21 Bln. last year.
-EPS (Q3): $0.46 vs. $0.78 last year.
-Revenue (Q3): $12.70 Bln vs. $14.57 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.84 to $0.86
Next quarter revenue guidance: $13.4 - $13.6 Bln
Full year EPS guidance: $3.69 to $3.71
Full year revenue guidance: $53.6 - $53.8 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CISCO SYSTEMS DL-,001 878841 Frankfurt 50,000 31.10.24 21:20:21 -1,020 -2,00% 0,000 0,000 51,000 51,020

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