Cisco Nail its Numbers, Sounds Optimistic
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Moritz Dispatch
Nov 4, 2009, 4:34:13 PM11/4/09
to Moritz Dispatch
Scott Moritz
11/04/09 - 04:30 PM EST
NEW YORK (TheStreet) -- Cisco delivered a strong target-beating report
that could help boost the tech sector.
The networking gearmaker posted adjusted earnings of 36 cents a share,
down from 42 cents in the year-ago period but better than analysts'
earnings target of 31 cents, according to Yahoo Finance.
Sales for the fiscal first quarter ended last month were $9 billion,
down 13% from the $10.33 billion level last year. Analysts were
looking for sales of $8.74 billion.
Click for the first take on Cisco earnings:
http://www.thestreet.com/story/10622109/1/cisco-nails-it-sees-healing-economy.html
11/04/09 - 04:30 PM EST
NEW YORK (TheStreet) -- Cisco delivered a strong target-beating report
that could help boost the tech sector.
The networking gearmaker posted adjusted earnings of 36 cents a share,
down from 42 cents in the year-ago period but better than analysts'
earnings target of 31 cents, according to Yahoo Finance.
Sales for the fiscal first quarter ended last month were $9 billion,
down 13% from the $10.33 billion level last year. Analysts were
looking for sales of $8.74 billion.
Click for the first take on Cisco earnings:
http://www.thestreet.com/story/10622109/1/cisco-nails-it-sees-healing-economy.html
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