** charts before earnings **
** charts after earnings **
Cisco Systems increases qtrly dividend to $0.26 from $0.21/share; increases repurchase program :
- Also, as noted in the 16:10 earnings comment, CSCO's BoDs approved a $15 bln increase to the co's stock repurchase authorization
- Cisco's board had previously authorized up to $97 billion in stock repurchases
Cisco Systems beats by $0.03, beats on revs; guides Q3 EPS in-line, approves $15 billion increase to stock repurchase program :
- Reports Q2 (Jan) earnings of $0.57 per share, $0.03 better than the Capital IQ Consensus of $0.54; revenues fell 0.1% year/year to $11.93 bln vs the $11.75 bln Capital IQ Consensus.
- Non-GAAP total gross margin and product gross margin were 64.2% and 63.3%, respectively.
- Cash Flow from Operating Activities was $3.9 bln, an increase of 36% compared with $2.9 bln for 2Q15.
- Co approves a $15 bln increase to the authorization of the stock repurchase program. CSCO had previously authorized up to $97 bln in stock repurchases.
- Co issues in-line guidance for Q3, sees EPS of $0.54-$0.56 vs. $0.55 Capital IQ Consensus Estimate. Sees 1-4% revenue growth, which is normalized to exclude SP Video CPE business.
No comments:
Post a Comment