{"id":29143,"date":"2012-05-12T02:51:40","date_gmt":"2012-05-12T06:51:40","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29143"},"modified":"2012-05-12T02:51:40","modified_gmt":"2012-05-12T06:51:40","slug":"cisco-systems-forecasts-lower-q4-profits","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/05\/12\/cisco-systems-forecasts-lower-q4-profits\/","title":{"rendered":"Cisco Systems Forecasts Lower Q4 Profits"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vc9d017e4dc712c8e43c0e5336e47af6cea48b22a&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vc9d017e4dc712c8e43c0e5336e47af6cea48b22a&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Cisco Systems announced its forecast for profit in the fourth quarter, after releasing their third quarter earnings yesterday.The networking company posted an EPS of $0.48 a share on revenue of $11.6 billion which was inline with estimates. This wasn&#8217;t horrible news until the company released its fourth quarter outlook on their conference call. Cisco expects to post a fourth quarter EPS in the range of $0.44 to $0.46 a share. They expect revenue to increase 2% to 5% year over year to a range of $11.4 billion to $11.8 billion. This was below what analysts were expecting of an EPS of $0.48 on sales of $12 billion. Now, the company is falling in early trading, down over 8% to $17.24.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/12\/1_afw4qn7h_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/05\/12\/1_afw4qn7h_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cisco Systems announced its forecast for profit in the fourth quarter, after releasing their third quarter earnings yesterday.The networking company posted an EPS of $0.48 a share on revenue of $11.6 billion which was inline with estimates. This wasn&#8217;t horrible news until the company released its fourth quarter outlook on their conference call. Cisco expects &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/05\/12\/cisco-systems-forecasts-lower-q4-profits\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cisco Systems Forecasts Lower Q4 Profits&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29143","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29143"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29143\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}