NEW YORK (TheStreet) -- Earnings season is winding down, with a few notable names reporting this week. Dell (DELL) offered a bleak tone, while Cisco (CSCO) was slightly more upbeat on the state of its business.
The Round Rock, Texas-based PC maker reported adjusted third-quarter earnings of 39 cents a share, missing the Thomson Reuters analyst consensus of 40 cents.
Dell's revenue for the quarter was $13.7 billion, 11% lower than the year-earlier quarter and short of the $13.89 billion analysts polled by Thomson Reuters were expecting. The top line was pressured by falling desktop and mobility revenue.
Cisco, on the other hand, beat Wall Street expectations, and sounded upbeat during its conference call relative to expectations. The networking giant reported non-GAAP earnings of $2.57 billion, or 48 cents a share, on revenue of $11.88 billion, up from a year-ago equivalent profit of $2.32 billion, or 43 cents a share, on revenue of $11.27 billion. Analysts polled by Thomson Reuters were looking for earnings of 46 cents a share on revenue of $11.77 billion. Cisco Earnings: Live Blog Recap Cisco provided healthy guidance, predicting revenue between $11.9 billion and $12.1 billion and earnings of 47 to 48 cents a share, as the company's long-term strategy seems to be working. The current consensus view calls for revenue of $12.06 billion and earnings of 48 cents a share. Cisco enjoyed a strong week, gaining 6.96% to close at $17.99.
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