Cisco Systems had net income of 4485 billion and at year end
Cisco Systems had net income of $4.485 billion and, at year end, 5.985 billion shares outstanding. Calculate the earnings per share for the company
Solution
Earnings per share for the company can be calculated by dividing the net income by outstanding shares.
Now, given that Net Income is of $4.485 billion
and outstanding shares are 5.985 billion
Earnings per Share = Net Income / Outstanding Shares
Earnings per Share = $4.485 billion / 5.985 billion
Earnings per Share = $0.7493/share
Earnings per Share for the company is $0.749 per share.
