Cisco Earnings Beat, Revenue Misses In Q3
2022.05.18 23:16
Cisco Earnings Beat, Revenue Misses In Q3
Investing.com – Cisco (NASDAQ:CSCO) reported on Wednesday third quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Cisco announced earnings per share of $0.87 on revenue of $12.84B. Analysts polled by Investing.com anticipated EPS of $0.8627 on revenue of $13.34B.
Cisco shares are down 23% from the beginning of the year, still down 24.77% from its 52 week high of $64.29 set on December 29, 2021. They are under-performing the Dow Jones which is down 13.34% from the start of the year.
Cisco shares lost 14.00% in after-hours trade following the report.
Cisco follows other major Information Technology sector earnings this month
Cisco’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
