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Cisco Earnings Beat, Revenue Misses In Q3

Stock Markets May 19, 2022 04:15
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Cisco Earnings Beat, Revenue Misses In Q3

Investing.com - Cisco reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Cisco announced earnings per share of $0.87 on revenue of $12.84B. Analysts polled by Investing.com anticipated EPS of $0.8627 on revenue of $13.34B.

Cisco shares are down 23% from the beginning of the year , still down 24.77% from its 52 week high of $64.29 set on Wednesday, December 29, 2021. They are outperforming the Nasdaq which is down 27.02% year to date.

Cisco shares lost 13.54% 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, April 28, 2022, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.

Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Cisco Earnings Beat, Revenue Misses In Q3
 

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