Cisco earnings top estimates, warns more job cuts are coming
Cisco Systems (CSCO) reported fiscal fourth quarter results that topped Street estimates on both the top and bottom lines. Adjusted earnings of $0.87 per share was better than the expected $0.85. Revenue of $13.64 billion topped the Bloomberg estimate of $13.53 billion.
For the full year, the company sees revenue in a range of $55.0 billion to $56.2 billion, compared to an estimate of $55.67 billion.
Cisco also warned that it expects to cut more jobs in the future.
Market Domination Overtime anchors Julie Hyman and Josh Schafer discuss the tech giant's results.
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This post was written by Stephanie Mikulich.