Cisco earnings, revenue forecast top Wall Street estimates

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Cisco Systems Inc. reported quarterly results that topped Wall Street estimates Wednesday, while the networking company’s revenue forecast for the end of its...

Cisco Systems Inc. reported quarterly results that topped Wall Street estimates Wednesday, while the networking company’s revenue forecast for the end of its fiscal year topped the analyst consensus.

Revenue rose to $12.96 billion from $12.46 billion in the year-ago quarter. Product revenue rose to $9.72 billion from $9.3 billion a year ago, and service revenue rose to $3.24 billion from $3.16 billion last year. Analysts had expected revenue of $12.89 billion, while Cisco had forecast revenue of $12.96 billion to $13.21 billion. Wall Street had forecast product revenue of $9.65 billion and service revenue of $3.22 billion.

Cisco said it returned $7.5 billion to shareholders through share buybacks and dividends in the third quarter: $1.5 billion though dividends and $6 billion in the buyback of about 116 million shares at an average price of $52.14 a share. Cisco said it still has $18 billion in buyback authority remaining.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 3. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

JonChevreau Good companies are still making monies, big time.

Caramba -- Who's that riding out of town in the picture ? It's the CISCO KID....

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Wall Street Weekahead: Trade turbulence shows market vulnerability as stocks get pricierStock valuations have climbed to levels reached just before Wall Street's l... Pay at your own risk Don’t buy high. The low is coming Expect the economy to tank. Stocks are artificially high because CORPS have bought back their own stocks with the GOPTaxScam$ Only saving grace is that they also bought high. Remember 2008-2009. And there wasn’t a tariff war 🔴 islamic state 🔴 Breaking Wilayah India Junud Khilafah berbaku tembak dengan tentara India kafir di Amsyi Burah, Syubian, Kashmir, menewaskan beberapa dari mereka. Walillahilhamd. isis
Fonte: Reuters - 🏆 2. / 97 Leggi di più »