Buy and Sell Signals, and Other Market Perspectives Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.92

-0.7%

Dec 31 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (50303)	5/15/2013 6:39:29 PM
From: Brian Sullivan	Read Replies (2) of 221077

Cisco Systems Inc.'s fiscal third-quarter profit grew 14% as the network-equipment firm posted improved revenues from both its main segments, led by services sales. Shares jumped 5.8% to $22.44 after hours, as the company beat its earnings estimates for the quarter.For the quarter ended April 27, Cisco posted a profit of $2.48 billion, or 46 cents a share, up from $2.17 billion, or 40 cents a share, a year earlier. Excluding stock-based compensation expenses, some amortization costs and other items, per-share earnings rose to 51 cents from 48 cents. Revenue was up 5.4% at $12.22 billion. In February, Cisco predicted adjusted earnings of 48 cents to 50 cents a share and revenue growth between 4% and 6%. Gross margin narrowed to 61.5% from 61.9%. Sales from the product segment, Cisco's biggest revenue contributor, grew 5%, while revenue from its services segment increased 7.1%. Not bad for a company with a forward PE of 10. And that after hours price is a new 52-week high.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next