Cisco Systems, Inc. (CSCO – Analyst Report) just released its third quarter fiscal 2016 earnings results, posting earnings of $0.50 per share and revenue of $12 billion.
Currently, CSCO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Cisco:
1. Matched earnings estimates. The company posted earnings of $0.50 per share, in-line with the Zacks Consensus Estimate of $0.50 per share. This number excludes $0.04 from non-recurring items.
2. Beat revenue estimates. The company saw revenue figures of $12 billion, topping our consensus estimate of $11.909 billion but falling -1.1% year-over-year.
3. Reported sales in its largest unit, switching, slid 3% to $3.45 billion, while Sales in its Asia Pacific, China and Japan segment, rose 10% to $1.94 billion.
4. For Q4, expects earnings of $0.59-0.61 per share, slightly better than the $0.58 Wall Street predicted. The company sees revenue coming in a range of flat to up 3% from the prior-year quarter, compared with analysts’ expectations of a decrease.
5. CSCO was up $1.58, or 5.91%, to $28.30 as of 4:43 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Cisco’s reported EPS in the last five quarters:
Cisco Systems Inc. (C – Analyst Report) Reported EPS – Last 5 Quarters | FindTheCompany
Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco’s Internet Protocol-based networking solutions are the foundation of the Internet and most corporate, education, and government networks around the world. Cisco provides the broadest line of solutions for transporting data, voice and video within buildings, across campuses, or around the world.
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