Big Cisco earnings jump expected
May 12th, 2010
Cisco Systems Inc. is expected Wednesday to post third quarter earnings of 39 cents a share on $10.2 billion in revenue.
That would be an earnings jump of about 28 percent on a revenue increase of about 25 percent.
San Jose-based Cisco (NASDAQ:CSCO) last quarter topped analyst expectations for a 35-cent-per-share earnings when it reported 40 cents no fax pay day loans.
The company's stock is up about 6 percent on the year after dropping more than 7 percent during the big stock market drop in the first week of the month.
Filed under: economics by Fred