Reuters: Technology News: Cisco revenue and earnings beat Wall Street estimates

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Cisco revenue and earnings beat Wall Street estimates Feb 13th 2013, 21:48 Tweet Share this Email Print Related News Thomson Reuters revenue, margin outlook disappoints 2:57pm EST Hyatt revenue misses on weak international, group business 1:38pm EST UPDATE 2-Nice sees profit grow, to start paying dividends 10:47am EST UPDATE 2-Shoes, jeans lift Jones Group revenue; U.S. retail weak 8:39am EST Coca-Cola revenue misses Street view; shares drop Tue, Feb 12 2013 Analysis & Opinion Credit Suisse has bad news for debt wannabes Japan helps Nomura put a bad year behind it Related Topics Investing and Taxes Simplified » Tech » A sign marking a Cisco office is pictured in San Diego, California November 12, 2012. Credit: Reuters/Mike Blake Wed Feb 13, 2013 4:48pm EST (Reuters) - Network equipment maker Cisco Systems Inc reported quarterly revenue and earnings on Wednesday that beat Wall Street's average estimates. Revenue rose 5 percent for Cisco's fiscal second quarter that ended January 26 to $12.1 billion versus a year ago. Analysts, on average, were expecting $12.06 billion, as compiled by Thomson Reuters I/B/E/S. Income, excluding items, rose 6.2 percent to $2.7 billion, or 51 cents per share, 3 cents above analysts' average estimate of 48 cents a share. Analysts had been expecting Cisco to do better than forecast and Shaw Wu, an analyst at Sterne Agee, said that "it's pretty much going to boil down to guidance now". "They did say they got a benefit from taxes. When you (take) that out its 50 cents. That still beat by 2 cents," he said referring to Cisco's earnings per share. Cisco's shares lost 1.2 percent in after-hours trading to $20.89. (Reporting By Nicola Leske; Additional reporting by Sinead Carew; Editing by Tim Dobbyn) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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