This post was originally published on this site
Cisco announced earnings per share of $0.86 on revenue of $13.6B. Analysts polled by Investing.com anticipated EPS of $0.84 on revenue of $13.29B.
Cisco shares are down 29% from the beginning of the year, still down 30.95% from its 52 week high of $64.29 set on December 29, 2021.
Cisco shares gained 3.63% in after-hours trade following the report.
Cisco’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
