Cisco (CSCO) Beats Q4 Expectations on Solid Cost Controls; Looks to Create More Shareholder Value
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Price: $24.24 +1.47%
EPS Growth %: +6.3%
Financial Fact:
Service: 898M
Today's EPS Names:
LBIX, ESEA, ISS, More
EPS Growth %: +6.3%
Financial Fact:
Service: 898M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade CSCO Now!
Cisco Systems (Nasdaq: CSCO) is ticking higher in late trading following fourth-quarter 2012 numbers and a new capital allocation strategy from the networking giant.
Sales rose 4.4 percent in the quarter to $11.69 billion, from $11.20 billion in the same period last year.
Net income improved 55.6 percent to $1.917 billion, or 36 cents per share. After adjusting for certain one-time items, Cisco reported fourth-quarter EPS of 47 cents.
The Street was looking for sales of $11.61 billion and EPS of 46 cents. Estimize consensus numbers called for EPS of 47 cents and sales of $11.59 billion.
Cisco ended the quarter with cash and equivalents of $48.7 billion, from $44.6 billion last year.
As noted, Cisco also detailed a new capital allocation plan, which includes returning 50 percent of free cash flow to shareholders as well as make more strategic acquisitions. Cisco boosted its dividend 75 percent to 14 cents per share today, from eight cents prior, currently yielding 3.2 percent on an annual basis.
Shares of Cisco are up 5 percent after-hours Wednesday.
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Sales rose 4.4 percent in the quarter to $11.69 billion, from $11.20 billion in the same period last year.
Net income improved 55.6 percent to $1.917 billion, or 36 cents per share. After adjusting for certain one-time items, Cisco reported fourth-quarter EPS of 47 cents.
The Street was looking for sales of $11.61 billion and EPS of 46 cents. Estimize consensus numbers called for EPS of 47 cents and sales of $11.59 billion.
Cisco ended the quarter with cash and equivalents of $48.7 billion, from $44.6 billion last year.
As noted, Cisco also detailed a new capital allocation plan, which includes returning 50 percent of free cash flow to shareholders as well as make more strategic acquisitions. Cisco boosted its dividend 75 percent to 14 cents per share today, from eight cents prior, currently yielding 3.2 percent on an annual basis.
Shares of Cisco are up 5 percent after-hours Wednesday.
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