CSCO, Cisco Systems
Filed Under Business |
CSCO, Cisco Systems reported their first quarter earnings today. The company reported a 37% increase in first quarter profit.
CSCO is Cisco Systems sign on the stock market. With the large jump in profit the company had roughly $9.55 billion in sales for the quarter. Of that amount they had an estimated net income of $2.2 billion. That is a ton of money, the company had sales last year during this same time period of $8.18 billion with net profit of $1.6 billion. They increased their sales by nearly $1.5 billion. They are doing something right when you look at these numbers.
CSCO shares have been reported to be down almost 4% in trading after hours even though the company beat Wall Street expectations. You would have thought shares would have gone up after this news. It just goes to show all the factors that are taken into account behind the scenes. We will update you with any breaking news regarding Cisco Systems.
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Tags: Business, Cisco Systems Earnings, CSCO, CSCO earnings report, Investments
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