Investing.com – Cisco (NASDAQ:) reported first quarter that beat analysts’ expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.84 on revenue of $13.16B. Analysts polled by Investing.com forecast EPS of $0.81 on revenue of $13.07B. That compared to EPS of $0.75 on revenue of $13.07B in the same period a year earlier. The company had reported EPS of $0.83 on revenue of $13.43B in the previous quarter.
Cisco shares lost 6.09% to trade at $45.50 in after-hours trade following the report.
For the year, Cisco shares are up 11.82%, under-performing the which is up 33.25% year to date.
Cisco follows other major Technology sector earnings this month
On October 30, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Microsoft earnings beat analyst’s expectations on October 23, with first quarter EPS of $1.38 on revenue of $33.06B. Investing.com analysts expected EPS of $1.25 on revenue of $32.15B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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