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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (48173)2/6/2001 4:26:01 PM
From: Road Walker  Read Replies (1) | Respond to of 77400
 
Geez, what a bad quarter. Earnings only up 48%; revenue 55%. I guess we'll have to have a tag day.

Cisco Q2 earnings up 48 pct, miss expectations
CHICAGO, Feb 6 (Reuters) - Computer networking giant Cisco Systems Inc. (NasdaqNM:CSCO - news) on Tuesday said its fiscal 2001 second-quarter earnings rose 48 percent but missed Wall Street expectations.

The San Jose, Calif.-based company said its profit before one-time items rose to $1.33 billion, or 18 cents a share, for its fiscal second quarter ended Jan 27, from $897 million, or 12 cents a share, in the year-ago quarter. Analysts had on average expected Cisco to report pro forma earnings of 19 cents a share, according to First Call/Thomson Financial.

Sales, which had been widely watched for a slowdown, rose 55 percent to $6.75 billion from $4.36 billion in 2000, falling short of Wall Street's expectations for $7 billion to $7.2 billion.



To: Wyätt Gwyön who wrote (48173)2/6/2001 4:27:03 PM
From: Bill  Read Replies (1) | Respond to of 77400
 
Rev was light at $6.75m. This is a bigger miss than I had thought it would be. Look out below.