Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) will be reporting results for the fiscal 2024 first quarter today after regular trading hours.
Listen to Cisco’s earnings call live and check the real-time transcript
It is estimated that the tech firm’s Q1 earnings, adjusted for one-off items, increased to $1.03 per share vs. $0.86 per share in the year-ago quarter. The revenue estimate is $14.62 billion, which is up 9.8% from last year.
For the fourth quarter of 2023, the San Jose-headquartered firm reported adjusted earnings of $1.14 per share, compared to $0.83 per share in the same period of the prior year. Unadjusted net income was $4.0 billion or $0.97 per share in Q4, higher than $2.8 billion or $0.68 per share in Q4 2022. At $15.2 billion, fourth-quarter revenues were up 16% year-over-year.
The post Cisco Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
