Investing.com - Cisco (NASDAQ:CSCO) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.78 on revenue of $12.96B. Analysts polled by Investing.com anticipated EPS of $0.77 on revenue of $12.9B. That compared to EPS of $0.66 on revenue of $12.46B in the same period a year earlier. The company had reported EPS of $0.73 on revenue of $12.45B in the previous quarter.
Cisco shares gained 2.73% to trade at $53.87 in after-hours trade following the report.
For the year, Cisco shares are up 21.02%, outperforming the S&P 500 which is up 15.12% year to date.
Cisco follows other major Technology sector earnings this month
On Wednesday, April 24, 2019, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Apple earnings beat analyst's expectations on Tuesday, April 30, 2019, with second quarter EPS of $2.46 on revenue of $58.02B. Investing.com analysts expected EPS of $2.36 on revenue of $57.54B
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