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- Company News: Cisco (CSCO) quarterly results beat analysts’ expectations
Company News: Cisco (CSCO) quarterly results beat analysts’ expectations
Cisco (CSCO) reported Q3 FY 2021 earnings of $0.83 per share (versus $0.79 per share in Q3 FY 2020), beating analysts’ consensus estimate of $0.82 per share.
The company’s quarterly revenues amounted to $12.803 bln (+6.8% y/y), beating analysts’ consensus estimate of $12.568 bln.
The company also issued mixed guidance for Q4 FY 2021, projecting EPS of $0.81-0.83 versus analysts’ consensus estimate of $0.85 and revenue growth of +6-8% y/y, which equate to revenue of $12.88-13.13 bln versus analysts’ consensus estimate of $12.82 bln.
CSCO fell to $49.41 (-5.83%) in pre-market trading.
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