Cisco Systems beats by $0.01, slight beat on revs; guides JulQ EPS and revs in-line
- Reports Q3 (Apr) earnings of $0.66 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.65 and at high end of prior guidance of $0.64-0.66; revenues rose 4.4% year/year to $12.46 bln vs the $12.44 bln Capital IQ Consensus and vs prior guidance of $12.30-12.54 bln.
Co reports Q3 non-GAAP operating margin of 31.5% vs 32.3% in the prior year period.
- Co issues in-line guidance for Q4 (Jul), sees EPS of $0.68-0.70, excluding non-recurring items, vs. $0.69 Capital IQ Consensus Estimate; sees Q4 revenue growth of +4-6% YoY, which we compute as $12.62-12.86 bln vs. $12.72 bln Capital IQ Consensus Estimate.