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Cisco (CSCO) Beats in Q3, Raises Guidance
IT giant Cisco Systems CSCO, the Silicon Valley-based $250 billion market-cap giant, outperformed expectations on both top and bottom lines in its fiscal Q3 after the close on Wednesday. Earnings of 78 cents per share topped estimates by a penny, up 18% from year-ago earnings, on revenues of $13 billion that surpassed the Zacks consensus $12.88 billion.
Beating on the bottom line is nothing new for Cisco; the company has not come up short on earnings estimates since Zacks recalibrated stock-based compensation (Q2 2015). But guidance was also hiked for Q4 revenues -- to a range of +4.5%-6.5% -- as well as earnings: 80-82 cents per share; the Zacks estimate had been 80 cents. Gross margin guidance also bumped up from previous expectations. Shares are trading up 3% following the positive earnings results.
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https://finance.yahoo.com/news/cisco-csc...09094.html
![[Bild: CSCOc1dl1548.png]](https://finviz.com/publish/051619/CSCOc1dl1548.png)
IT giant Cisco Systems CSCO, the Silicon Valley-based $250 billion market-cap giant, outperformed expectations on both top and bottom lines in its fiscal Q3 after the close on Wednesday. Earnings of 78 cents per share topped estimates by a penny, up 18% from year-ago earnings, on revenues of $13 billion that surpassed the Zacks consensus $12.88 billion.
Beating on the bottom line is nothing new for Cisco; the company has not come up short on earnings estimates since Zacks recalibrated stock-based compensation (Q2 2015). But guidance was also hiked for Q4 revenues -- to a range of +4.5%-6.5% -- as well as earnings: 80-82 cents per share; the Zacks estimate had been 80 cents. Gross margin guidance also bumped up from previous expectations. Shares are trading up 3% following the positive earnings results.
...
https://finance.yahoo.com/news/cisco-csc...09094.html
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