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Cisco Earnings, Revenue Beat in Q4

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Stock, Top News
imageStock Markets9 hours ago (Aug 12, 2020 04:07PM ET)

(C) Reuters. Cisco Earnings, Revenue Beat in Q4

Investing.com — Cisco (NASDAQ:CSCO) on Wednesday reported guidance that fell short of analysts’ expectations, offsetting fourth-quarter results that beat on both the top and bottom lines.

Cisco shares lost 3.76% in after-hours trade following the report.

Looking ahead, the company guided fiscal first-quarter EPS in the range of $0.41-to-$0.47 on revenue of $11.7B to $11.98B, below analysts estimates for EPS consensus of $0.75 on revenue of $12.23B.

Cisco announced earnings per share of $0.80 on revenue of $12.15B. Analysts polled by Investing.com anticipated EPS of $0.74 on revenue of $12.09B.

Revenue in the company’s largest business, infrastructure platforms, which includes hardware, fell 16% in the quarter year on year. Its applications business fell 9%.

Gross margin rose to 63.2% in the quarter from 63.9% year on year.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com‘s earnings calendar

Cisco Earnings, Revenue Beat in Q4

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