United States

Cisco Systems Inc Q3 GAAP earnings per share $0.50

Wednesday, 17 May 2017 04:05pm EDT 

May 17 (Reuters) - Cisco Systems Inc :Cisco reports third quarter earnings.Q3 non-GAAP earnings per share $0.60.Q3 GAAP earnings per share $0.50.Q3 revenue $11.9 billion versus I/B/E/S view $11.89 billion.Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.Sees Q4 GAAP $0.46 to $0.51.Sees Q4 non-GAAP EPS $0.60 - $0.62.Sees Q4 revenue down 6% to 4%.Q4 earnings per share view $0.62, revenue view $12.51 billion -- Thomson Reuters I/B/E/S.In May 2017, extended restructuring plan to include an additional 1,100 employees with $150 million of estimated additional pretax charges.During first 9 months of fiscal 2017, recognized pretax charges of $614 million to GAAP financial results in relation to restructuring plan.Expect to recognize approximately $150 million to $200 million of pretax charges under restructuring plan in Q4 of fiscal 2017.Expects restructuring plan to be substantially completed by end of Q1 of fiscal 2018.