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 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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