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BRIEF-Cisco Systems Inc Q3 GAAP earnings per share $0.50
May 17, 2017 / 8:48 PM / 4 months ago

BRIEF-Cisco Systems Inc Q3 GAAP earnings per share $0.50

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 Source text for Eikon: Further company coverage:

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