Inside CSCO’s Results
The company reported earnings of $2.4 billion, or 46 cents per share, up from $1.4 billion, or 27 cents per share, last year. Excluding special items, earnings were 53 cents per share – above analysts’ view of 51 cents.
Revenue increased to $11.94 billion from $11.16 billion last year. Analysts expected to see $11.80 billion in revenue.
Best Earnings Report in Years
The company also announced a 10% increase to its quarterly dividend and now offers a dividend yield close to 3%. This stock may be a good choice for investors seeking a combination of income and growth.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.68%|
The Bottom Line
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