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Cisco Earnings, Revenue Beat in Q2 -Breaking

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© Reuters Cisco Earnings, Revenue Beat in Q2

Cisco (NASDAQ:), Investing.com and Cisco reported that their second quarter exceeded analysts’ expectations. They also had a record-breaking revenue.

Cisco posted earnings per share (EPS) of $0.84 for revenue $12.72B. Investing.com polled analysts and predicted EPS at $0.8109 for revenue of $12.72B.

Cisco shares have fallen 14% since the start of the year. However, they are still 15.61% below their 52-week high of $64.29 on December 29, 2021. The Nasdaq is performing worse than them, which has fallen 9.72% since the beginning of the year.

After-hours trading saw Cisco share gains of 4.26% following the report.

This month, Cisco joins other top Information Technology industry earnings

Cisco’s January 27 earnings beat was achieved by Apple, who reported an EPS of $2.1 for $123.95B in revenue. This compares to Apple’s forecasts of an EPS of $1.9 for $119B.

Microsoft beat all expectations with a second quarter earnings per share of $2.48 on $51.73B in revenue, as compared to the forecast of EPS at $2.32 for $50.74B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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