Cisco forecasts first-quarter profit below estimates; shares slide

Reuters Wednesday, 14 August 2019
Cisco Systems Inc forecast current-quarter profit below Wall Street estimates on Wednesday as it struggles to transition to a software-focused company from its traditional business of selling routers and switches, sending shares down 7% in extended trading.

You Might Like

Related videos from verified sources

Ulta Beauty's ugly day [Video]

Ulta Beauty's ugly day

Shares of Ulta Beauty lost more than a quarter of their value after the fast-growing costmetics and skin care retailer warned sales would slow and cut its profit forecast. Fred Katayama reports.

Credit: Reuters Studio     Duration: 00:56Published

Tweets about this