Investing.com -- Cisco (NASDAQ:CSCO) on Wednesday reported guidance that fell short of analysts' expectations, offsetting fourth-quarter results that beat on both the top and bottom lines.
Cisco shares lost 3.76% in after-hours trade following the report.
Looking ahead, the company guided fiscal first-quarter EPS in the range of $0.41-to-$0.47 on revenue of $11.7B to $11.98B, below analysts estimates for EPS consensus of $0.75 on revenue of $12.23B.
Cisco announced earnings per share of $0.80 on revenue of $12.15B. Analysts polled by Investing.com anticipated EPS of $0.74 on revenue of $12.09B.
Revenue in the company's largest business, infrastructure platforms, which includes hardware, fell 16% in the quarter year on year. Its applications business fell 9%.
Gross margin rose to 63.2% in the quarter from 63.9% year on year.
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