Cisco's Earnings: A Beat On Profit But A Miss On Revenue
Nov 13, 2013, 02:33 IST
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Earnings per share came in at 53 cents. That's a beat. Revenue at $12.1 billion. That's a miss.
Analysts expected a good quarter: 51 cents EPS on $12.35 billion in revenue (up from 48 cents EPS on $11.88 billion), according to Yahoo Finance.
Gross margin was 63% and that's a beat, too. Analysts estimated 61.9%. Cisco also announced it will boost its share buyback program by $15 billion.
The stock is falling slightly in after hours trading.
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