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via finance.yahoo.comBusiness & Companies

Cisco beats fiscal Q1 earnings and revenue estimates

FROM THE WIRE · FINANCE.YAHOO.COM

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cisco Systems Inc. (CSCO) on Thursday reported fiscal first-quarter net income of $4.55 billion. On a per-share basis, the San Jose, California-based company said it had profit of $1.14. Earnings, adjusted for one-time gains and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn earnings and revenue beat is relevant for Cisco shares and the networking sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Adjusted earnings were $1.40 per share versus a $1.33 analyst estimate.
  2. 02Revenue of $18.52 billion topped the $18.13 billion forecast.
  3. 03Cisco expects fiscal Q2 revenue between $18 billion and $18.2 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cisco Systems, Inc.CSCOStock102.01 USDMarket closedtoday +1.24%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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