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- Company news: Cisco (CSCO) quarterly earnings beat analysts’ expectations
Company news: Cisco (CSCO) quarterly earnings beat analysts’ expectations
Cisco (CSCO) reported Q2 FY 2022 earnings of $0.84 per share (versus $0.79 per share in Q2 FY 2021), beating analysts’ consensus estimate of $0.81 per share.
The company’s quarterly revenues amounted to $12.720 bln (+6.4% y/y), being roughly in line with analysts’ consensus estimate of $12.669 bln.
The company also issued in-line guidance for Q3 FY 2022, seeing EPS of $0.85-0.87 versus analysts’ consensus estimate of $0.87 and revenues being up 3-5% y/y, which equates as $13.19-13.44 bln versus analysts’ consensus estimate of $13.29 bln.
For the full FY 2022, Cisco projected EPS of $3.41-3.46 versus analysts’ consensus estimate of $3.42; narrowed revenue outlook to +5.5-6.5% y/y from +5-7% y/y in its prior guidance, which computes as $52.56-53.06 bln versus analysts’ consensus estimate of $52.75 bln.
CSCO rose to $56.02 (+3.26%) in pre-market trading.
