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Cisco: Fiscal Q4 Earnings Snapshot
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SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cisco Systems Inc. (CSCO) on Wednesday reported fiscal fourth-quarter profit of $3.86 billion.

On a per-share basis, the San Jose, California-based company said it had net income of 97 cents. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The seller of routers, switches, software and services posted revenue of $17.25 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $16.85 billion.

For the year, the company reported profit of $13.27 billion, or $3.33 per share. Revenue was reported as $63.33 billion.

For the current quarter ending in October, Cisco expects its per-share earnings to range from $1.32 to $1.34.

The company said it expects revenue in the range of $18 billion to $18.2 billion for the fiscal first quarter.

Cisco expects full-year earnings in the range of $5.05 to $5.11 per share, with revenue ranging from $72.2 billion to $73.4 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSCO at https://www.zacks.com/ap/CSCO

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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