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Cisco Beats Estimates, Guides Weak: ETFs in Focus
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Earnings of 71 cents per share outpaced the Zacks Consensus Estimate by 3 cents and improved 5% from the year-ago earnings. Revenues declined 4% year over year to $12.01 billion and edged past the consensus mark of $11.98 billion (read: Tech ETFs & Stocks Outperforming in 2020).
Cisco expects revenues to decline 1.5-3.5% from the year-ago level, and earnings per share in the range of 79-81 cents for third-quarter fiscal 2020. The Zacks Consensus Estimate is pegged at revenue growth of 2.02% and earnings per share of 81 cents. The weak outlook suggests that its main business of selling networking hardware is still struggling amid tepid spending by corporations and government agencies.
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https://finance.yahoo.com/news/cisco-bea...03651.html
![[Bild: CSCOc1dl1440.png]](https://finviz.com/publish/021320/CSCOc1dl1440.png)
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Earnings of 71 cents per share outpaced the Zacks Consensus Estimate by 3 cents and improved 5% from the year-ago earnings. Revenues declined 4% year over year to $12.01 billion and edged past the consensus mark of $11.98 billion (read: Tech ETFs & Stocks Outperforming in 2020).
Cisco expects revenues to decline 1.5-3.5% from the year-ago level, and earnings per share in the range of 79-81 cents for third-quarter fiscal 2020. The Zacks Consensus Estimate is pegged at revenue growth of 2.02% and earnings per share of 81 cents. The weak outlook suggests that its main business of selling networking hardware is still struggling amid tepid spending by corporations and government agencies.
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https://finance.yahoo.com/news/cisco-bea...03651.html
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