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Cisco Earnings Beat, Revenue Misses In Q1 -Breaking

by Mike Robinson

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Cisco Beats Revenue in Q1

Cisco (NASDAQ:), Investing.com and Cisco reported that their first quarter revenue beat forecasts.

Cisco reported earnings per share at $0.82 for revenue $12.9B. Investing.com polled analyst to predict EPS of $0.8046 based on $12.98 billion in revenue.

Cisco shares rose 26% over the first year but are down 5.74% compared to its 52-week peak of $60.27, which it reached on August 25. They have underperformed the, which has risen 26.53% since the beginning of this year.

After-hours trading saw Cisco share prices fall by 7.52% following the news.

This month, Cisco joins other top Information Technology industry earnings

This report by Cisco follows an October 26 earnings beat by Microsoft, who reported EPS at $2.27 per share on $45.32B in revenue. Forecasts were for EPS at $2.08 on $44B revenue.

Apple’s fourth quarter earnings per share (EPS) of $1.24 based on $83.36B in revenue was higher than the forecast of $1.24 based on $85.05B revenue.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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