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0.000222766763199045 -0.00155936734239252 0.000222766763199045 -0.00445533526397852 -0.00423256850077963 -0.000668300289596817 -0.00334150144798393 0
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Cisco shares jump 5% on earnings beat, outlook [MarketWatch]

CISCO SYSTEMS (CSCO)  More Company Research Source: MarketWatch
Last cisco systems earnings: 2/14 04:05 pm Check Earnings Report
PDF Cisco shares rally 5% on earnings beat, outlook, shareholder returns Cisco Systems Inc. CSCO, +2.09% shares rallied in the extended session Wednesday after the networking tech giant's earnings and outlook topped Wall Street estimates and the company announced a hike in its dividend and share buyback program. Cisco shares surged 5.3% to $44.30 after hours. The company reported fiscal second-quarter loss of $8.78 billion, or $1.78 a share, compared with net income of $2.35 billion, or 47 cents a share, in the year-ago period. Adjusted earnings, excluding $11.1 billion in charges from the U.S. tax overhaul, were 63 cents a share. Revenue rose to $11.89 billion from $11.58 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 59 cents a share on revenue of $11.81 billion. For the fiscal third quarter, Cisco estimates earnings of 64 cents to 66 cents a share on revenue of $12.3 billion to $12.54 billion. Analysts expect earnings of 63 cents a share on re [Read more]

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