Strong Cisco Earnings
November 4, 2009 by MoneyElement · Leave a Comment
The company reported strong earnings this afternoon. Earnings per share were $0.36 above the expected $0.31. Cisco also announced today that its board of directors is authorizing up to $10 billion in additional repurchases of its common stock.
Q1 Net Sales: $9.0 billion (decrease of 13% year over year)
Q1 Net Income: $1.8 billion GAAP; $2.1 billion [...]
