Cisco Expects To Exceed EPS, Revenue Estimates

Cisco Systems Inc.

The announcement came as the company said it inadvertently distributed to a large number of employees a statement about the company's performance in the quarter, ended Jan. 26.

Cisco said the memo to employees stated that booked orders for products were $3.9 billion in the quarter, above an internal goal of $3.75 billion.

In premarket trading, Cisco shares rose to $19.04 from a Tuesday close of $18.50.

Cisco is scheduled to report financial results for the quarter after the close of business on Wednesday.

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Analysts on average expected Cisco to report a profit of 5 cents a share and revenue of $4.55 billion for the quarter, according to a survey by research firm Thomson Financial/First Call.

"We felt that it was necessary to disclose this information publicly, given the broad internal distribution of the communication," Cisco Chief Financial Officer Larry Carter said in a statement.

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