Cisco Earnings, Revenue Beat in Q4
Investing.com - Cisco reported fourth quarter earnings that beat analyst's expectations on Wednesday and reported revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $12.85B. Analysts polled by Investing.com forecast EPS of $0.69 on revenue of $12.77B. That compared to EPS of $0.61 on revenue of $12.13B in the same period a year earlier.
The company had reported EPS of $0.66 on revenue of $12.46B in the previous quarter.
Cisco shares lost 0.32% to trade at $43.86 in after-hours trade following the report.
For the year, Cisco shares are up 13.42%, outperforming the S&P 500 which is up 5% year to date.
Cisco follows other major Technology sector earnings this month
Apple (NASDAQ:AAPL) reported third quarter earnings that beat analyst's expectations on July 31. The company reported revenue that topped forecasts. The firm reported EPS of $2.34 on revenue of $53.27B compared to forecasts of EPS of $2.16 on revenue of $52.3B
Alphabet (NASDAQ:GOOGL) C reported second quarter earnings that beat analyst's expectations on July 23. The company reported revenue that topped forecasts. The firm reported EPS of $11.75 on revenue of $26.24B compared to forecasts of EPS of $9.64 on revenue of $25.58B
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