EUR/USD 1.14030
0.145%
Gold 4029.16
-1.040%
Oil 69.787
0.578%
USD/JPY 161.834
0.051%
GBP/USD 1.32284
0.230%
GBP/JPY 214.085
0.282%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US President Trump: WTI crude oil prices have fallen to $69 and are continuing to fall. This price is even lower than before Iran began its denuclearization process!Spanish Economy Minister: We will extend the temporary measures for three months to curb the impact of the war with Iran on prices.US President Trump: Oil prices are falling rapidly! Please report any irregularities in the retail sector!!!Spanish Economy Minister: Second-quarter GDP growth is likely to be flat or slightly higher than the first quarter.On June 29, Premier Li Qiang chaired an executive meeting of the State Council, which reviewed and approved the "15th Five-Year Plan for Carbon Peaking" and the "15th Five-Year Plan for National Health." The meeting emphasized the need to leverage the strategic role of carbon peaking and carbon neutrality to promote economic restructuring and upgrading, and create more green economic growth points. It stressed the importance of focusing on key areas and crucial links, accelerating the adjustment and optimization of the energy structure, promoting the greening and decarbonization of industries, improving and perfecting the legal, regulatory, and standard systems, carbon emission statistics and accounting systems, and conducting scientific and orderly evaluation and assessment. The meeting called for integrating green and low-carbon orientation into all areas and links of the national economic cycle, promoting green production and lifestyles, and cultivating a green foundation for high-quality development. The meeting also noted that the construction of a Healthy China has accelerated in recent years, and the health level of the people has continued to improve. It stressed the need to build a full-life-cycle health service system, coordinate resource allocation, strengthen collaboration among medical care, medical insurance, and disease control, and provide the public with systematic, continuous, high-quality, and efficient health services. Furthermore, it emphasized the need to vigorously develop the health industry, improve supporting policies, cultivate and expand new service formats in the health field, enrich the supply of health products, strictly supervise quality and safety, and ensure that the public can consume with confidence and live healthy lives.

Cisco Systems Rallies Nearly 5.0% on Strong Earnings in After-hours Trade; Dow Futures Barely Budge

Skylar Shaw

Aug 18, 2022 14:50

微信截图_20220818144451.png

Cisco exceeds expectations for top and bottom line earnings growth and offers a positive outlook

Following the release of better than anticipated top and bottom line earnings results for the fourth quarter of the 2021/2022 fiscal year (FY) and an optimistic outlook for earnings growth during the following fiscal year, Cisco System's share price increased during after-market trading hours on Wednesday. CSCO stock was recently trading just under $49.0, up about 5.0% from Wednesday's closing price of $46.66.


In the last quarter of its most recent fiscal year, Cisco posted adjusted non-GAAP profits per share (EPS) of $0.83, which was slightly higher than the $0.82 per share estimate provided by analysts. The technology company's Q4 revenue, however, came in at $13.1 billion, exceeding analyst consensus expectations of $12.73 billion.


We achieved a solid close to our fiscal year owing to our Q4 success, according to Cisco CEO Chuck Robbins. The company's greatest full-year non-GAAP profits per share ever were achieved thanks to "our teams' excellent execution in the middle of a very challenging environment," he said.


In the next fiscal year, Cisco forecasted revenue growth of between 4 and 6 percent and an EPS of $3.49 to $3.56 per share, up from the $3.36 per share recorded in the prior fiscal year. Cisco's forecast for revenue is therefore more upbeat than analysts' expectations, with the analysts' consensus calling for earnings growth of 2.2% in the coming fiscal year.


Dow Futures Ignore Gains in CSCO Shares Futures that track the price of the Dow Jones Industrial Average index, which includes Cisco at a percentage of about 1.0%, were unchanged in after-hours trading near the 34,000 level after falling 0.5% on Wednesday as investors processed data revealing robust core US retail sales growth in July and slightly dovish-leaning Fed minutes from its July meeting.


Despite a 5.0% after-hours gain, CSCO shares are still down nearly 23% for the year, but they are up about 18% from previous yearly lows of around $41 per share. With inflation having risen this year and major central banks like the Fed being compelled to rapidly hike interest rates, the company's share price has been caught up in a larger US equities market collapse.

Suggestion