Investing.com - Cisco (NASDAQ:CSCO) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cisco announced earnings per share of $0.84 on revenue of $13.13B. Analysts polled by Investing.com anticipated EPS of $0.8284 on revenue of $13.04B.
Cisco shares are up 23% from the beginning of the year and are trading at $53.75 , down-from-52-week-high.They are outperforming the Dow Jones which is up 14.23% from the start of the year.
Cisco shares lost 2.52% 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, July 27, 2021, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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