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Cisco Systems Fiscal Q3 Adjusted Earnings, Revenue Rise; Shares Jump After Hours

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Cisco Systems (CSCO) reported fiscal Q3 adjusted earnings late Wednesday of $1.06 per diluted share, up from $0.96 a year earlier.

Analysts polled by FactSet expected $1.03.

Revenue in the three months ended April 25 rose to $15.8 billion from $14.1 billion a year earlier.

Analysts surveyed by FactSet expected $15.6 billion.

Cisco expects Q4 adjusted EPS of $1.16 to $1.18 on revenue of $16.7 billion to $16.9 billion. Analysts project EPS of $1.08 on revenue of $15.8 billion.

The company boosted its full-year guidance to adjusted EPS of $4.27 to $4.29 on revenue of $62.8 billion to $63 billion. The prior forecast was EPS of $4.13 to $4.17 on revenue of $61.2 billion to $61.7 billion.

Analysts project EPS of $4.16 on revenue of $61.6 billion.

Cisco shares jumped 13% in after-hours trading.

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