Advertisement
Singapore Markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,447.75
    +66.40 (+0.79%)
     

  • BTC-USD

    63,169.58
    +2,000.06 (+3.27%)
     

  • CMC Crypto 200

    1,308.37
    -49.64 (-3.65%)
     

  • S&P 500

    5,214.08
    +26.41 (+0.51%)
     

  • Dow

    39,387.76
    +331.36 (+0.85%)
     

  • Nasdaq

    16,346.26
    +43.46 (+0.27%)
     

  • Gold

    2,379.70
    +39.40 (+1.68%)
     

  • Crude Oil

    79.70
    +0.44 (+0.56%)
     

  • 10-Yr Bond

    4.4490
    -0.0430 (-0.96%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Cisco warns of revenue decline in second quarter

Reuters

NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc (NSQ:CSCO) warned that its revenue would decline between 8 percent and 10 percent in its second fiscal quarter, sending its shares down almost 9 percent in late trading.

Cisco also said its revenue for the first quarter rose less than expected because of weak demand in emerging markets such as China and the recent U.S. government shutdown's chilling effect on business spending.

Cisco shares fell to $22.10 after closing at $23.99 in regular Nasdaq trade.

(Reporting by Sinead Carew)