Investing.com - Cisco (NASDAQ:CSCO) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cisco announced earnings per share of $0.76 on revenue of $11.93B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $11.85B.
Cisco shares are down 6% from the beginning of the year and are trading at $41.95 , down-from-52-week-high.They are under-performing the Dow Jones which is up 1.9% from the start of the year.
Cisco shares gained 8.34% in after-hours trade the report.
Cisco follows other major Technology sector earnings this month
Cisco's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.
Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
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