Cisco results top forecasts

By on Aug, 13 2014 with Comments 0

Cisco Systems Inc. on Wednesday reported a fiscal fourth-quarter profit of $2.2 billion, or 43 cents a share, on $12.4 billion in revenue. In the same period a year ago, the networking-equipment leader earned $2.3 billion, or 42 cents a share, on sales of $12.4 billion. Excluding one-time items, Cisco earned 55 cents a share. Analysts surveyed by FactSet had forecast Cisco to earn 53 cents a share on $12.15 billion in revenue. Cisco shares rose 1% in after-hours trading following the release of the company’s results.

The RBR Radio Index was up 15.811, or 2.03%, to 796.402

The TVBR Television Index was down 20.123, or 2.44%, to 803.306

Winners
SBS, up 6.96%
Cumulus, up 6.51%
Radio One, up 3.09%

Losers
LIN TV, down 5.73%
Nexstar, down 4.74%
Gray, down 3.82%

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About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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