24/7 Wall St.
05-06-2008, 04:50 PM
24/7 Wall St. Daily News
Cisco Systems (NASDAQ: CSCO) has come out with earnings after the close and shares are initially up on the news. The company posted $0.38 non-GAAP EPS on revenues of $9.8 Billion. Both numbers are ahead of First Call targets of $0.36 and $9.75 Billion. Cash flows from operations were $3.0 billion, while cash and equivalents were $24.4 billion. In the quarter, Cisco repurchased 83 million shares of common stock with an average purchase price of $24.04 per share (roughly $2 Billion spent). Guidance has been held until the conference call. Shares closed up 0.2% at $26.33 in normal trading, and... http://feeds.feedburner.com/~f/typepad/RyNm?i=3r1bLH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=3r1bLH) http://feeds.feedburner.com/~f/typepad/RyNm?i=pD4D9H</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=pD4D9H) http://feeds.feedburner.com/~f/typepad/RyNm?i=4r4rSh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=4r4rSh)
complete story here... (http://www.247wallst.com/2008/05/cisco-systems-p.html)
Cisco Systems (NASDAQ: CSCO) has come out with earnings after the close and shares are initially up on the news. The company posted $0.38 non-GAAP EPS on revenues of $9.8 Billion. Both numbers are ahead of First Call targets of $0.36 and $9.75 Billion. Cash flows from operations were $3.0 billion, while cash and equivalents were $24.4 billion. In the quarter, Cisco repurchased 83 million shares of common stock with an average purchase price of $24.04 per share (roughly $2 Billion spent). Guidance has been held until the conference call. Shares closed up 0.2% at $26.33 in normal trading, and... http://feeds.feedburner.com/~f/typepad/RyNm?i=3r1bLH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=3r1bLH) http://feeds.feedburner.com/~f/typepad/RyNm?i=pD4D9H</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=pD4D9H) http://feeds.feedburner.com/~f/typepad/RyNm?i=4r4rSh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=4r4rSh)
complete story here... (http://www.247wallst.com/2008/05/cisco-systems-p.html)