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 $0.84 on revenue of $12.72B. Analysts polled by Investing.com anticipated EPS of $0.8109 on revenue of $12.66B.
Cisco shares are down 14% from the beginning of the year and are trading at $56.56 , down-from-52-week-high.They are under-performing the Nasdaq which is down 9.72% from the start of the year.
Cisco shares gained 4.26% 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, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.74B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar