Cisco Systems Inc. Q4 Profit Decreases, but beats estimates

Cisco Systems Inc. (CSCO) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $2.8 billion, or $0.68 per share. This compares with $3.0 billion, or $0.71 per share, in last year's fourth quarter.

Excluding items, Cisco Systems Inc. reported adjusted earnings of $3.4 billion or $0.83 per share for the period.

Analysts on average had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $13.1 billion, equal to the mark posted in the same period last year.

Cisco Systems Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $2.8 Bln. vs. $3.0 Bln. last year.
-EPS (Q4): $0.68 vs. $0.71 last year.
-Analyst Estimates: $0.82
-Revenue (Q4): $13.1 Bln vs. $13.1 Bln last year.

Next quarter EPS guidance: $0.82 to $0.84

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