Investing.com - Cisco (NASDAQ:CSCO) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cisco announced earnings per share of $0.86 on revenue of $13.6B. Analysts polled by Investing.com anticipated EPS of $0.84 on revenue of $13.29B.
Cisco shares are down 29% from the beginning of the year and are trading at $46.00 , down-from-52-week-high.
Cisco shares gained 3.63% in after-hours trade the report.
Cisco follows other major Information Technology sector earnings this month
Cisco's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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