Investing.com - Cisco (NASDAQ:CSCO) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cisco announced earnings per share of $0.77 on revenue of $12.00B. Analysts polled by Investing.com anticipated EPS of $0.76 on revenue of $11.97B. That with comparison to EPS of $0.73 on revenue of $12.45B in the same period a year before.Cisco had reported EPS of $0.84 on revenue of $13.16B in the previous quarter.Analysts are expecting EPS of $0.8 and revenue of $12.63B in the upcoming quarter.
Cisco shares are up 4% from the beginning of the year and are trading at $49.52 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 9.21% year to date.
Cisco shares lost 0.84% in after-hours trade following the report.
Cisco follows other major Technology sector earnings this month
Cisco's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday, January 29, 2020 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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