Cisco Systems Inc. Announces 3% Drop In Q4 Profit

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(RTTNews.com) - Cisco Systems Inc. ( CSCO ) revealed a profit for fourth quarter that fell compared to the same period last year.

The company said its earnings came in at $3.1 billion, or $0.61 per share. This was lower than $3.2 billion, or $0.63 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.0% to $12.1 billion. This was down from $12.6 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q4): $3.1 Bln. vs. $3.2 Bln. last year.
-Earnings Decline (Y-o-Y): -3.1%
-EPS (Q4): $0.61 vs. $0.63 last year.
-EPS Decline (Y-o-Y): -3.2%
-Analysts Estimate: $0.61
-Revenue (Q4): $12.1 Bln vs. $12.6 Bln last year.
-Revenue Change (Y-o-Y): -4.0%

-Guidance:

Next quarter EPS guidance: $0.59 to $0.61

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Referenced Symbols:CSCO,

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