Cisco Earnings Beat in Q4, but Guidance Falls Short

Investing.com – Cisco (NASDAQ:) delivered weaker-than-expected guidance Wednesday, offsetting fourth-quarter results that beat analysts’ expectations the top and bottom lines.

Cisco said it expected fiscal first-quarter earnings in the range of $0.80 to $0.82 a share on revenue of $12.68 billion to $12.93 billion, short of expectations from S&P Capital IQ of $0.83 a share on revenue of $13.41 billion.

$0.83 S&P

$0.83 S&P

~$12.68-12.93 bln vs

The networking company reported fiscal fourth-quarter of $0.83 per share on revenue of $13.43 billion. Analysts polled by Investing.com anticipated earnings per share of $0.81 on revenue of $13.39 billion. That compared to earnings per share of $0.70 on revenue of $12.84 billion in the same period a year earlier. The company had reported earnings per share of $0.78 on revenue of $12.96 billion in the previous quarter.

Ahead of Cisco’s fourth-quarter earnings, analysts had highlighted weaker enterprise spending on networking equipment as a headwind that could weigh on growth.

But revenue from the infrastructure platforms division, which make up the bulk of total revenue, rose 6% to $7.88 billion, above the $7.84 billion consensus among analysts polled by FactSet.

sales of data center networking products, including switches and routers.

Cisco (NASDAQ:) shares fell 6.24% in after-hours trading following the report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.