Cisco Q1 Earnings Beats Estimates
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/443661262/Posted on Wednesday, November 5th, 2008 | In Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Wednesday November 5, 2008
Navivest
Cisco (CSCO) has just reported its Q1 2009 earnings and the company beat estimates on both the top and bottom line.
The company reported net revenues of $10.3 billion and net income of $2.2 billion, which translated into $0.37, on a generally accepted accounting principles (GAAP) basis. On a non-GAAP basis, net income was $2.5 billion or $0.42 per share.
Wall Street was looking for revenues of 10.29 billion and net income of $0.39.
The company also reported total cash, cash Equivalents and investments of $26.8 billion.
Tags: Cisco Cisco Earnings
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 About Daniel Shepard (http://www.navivest.com/blog)
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