|
|
|
Cisco earnings down 18 percent in 3Q
Stock Market News |
2011/05/13 09:29
|
Cisco, the world's largest maker of computer networking gear, says net income declined nearly 18 percent in the latest quarter, as costs kept pace with a sales increase.
The company earned $1.8 billion, or 33 cents per share, in the fiscal third quarter, which ended in April. That compared with earnings of $2.2 billion, or 37 cents per share, a year ago.
Excluding the cost of stock-based compensation, amortization and asset impairments, earnings were 42 cents per share, unchanged from last year. Analysts polled by FactSet expected earnings of 37 cents per share on that basis.
|
|
|
|
|
|
|
 |
Investment Fraud Litigation |
|
|
|
|
Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
|
|
|
| |
| |
| |
|
The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo |
|
Legal News RSS Feed
