Cisco Systems Q4 2024 Adj. EPS $0.87 Beats $0.85 Estimate, Sales $13.640B Beat $13.537B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems (NASDAQ:CSCO) reported Q4 2024 adjusted EPS of $0.87, beating the estimate of $0.85. Sales were $13.640 billion, surpassing the $13.537 billion estimate but reflecting a 10.28% decrease from the same period last year.
August 14, 2024 | 8:05 pm
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Cisco Systems reported Q4 2024 adjusted EPS of $0.87, beating the estimate of $0.85. Sales were $13.640 billion, surpassing the $13.537 billion estimate but reflecting a 10.28% decrease from the same period last year.
Cisco's earnings and sales both beat analyst estimates, which is positive for the stock. However, the year-over-year sales decline of 10.28% may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings beat.
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