Cisco (NASDAQ) – Investing.com reported Wednesday that the third quarter beat analyst forecasts, and that revenue was below expectations.

Cisco reported earnings per share at $0.87 on revenues of $12.84B. Investing.com polled analysts and predicted EPS at $0.8627 for revenue $13.34B.

Cisco shares have fallen 23% since the start of the year. However, they are still 24.77% below their 52-week high of $64.29 on December 29, 2021. They have outperformed the Dow Jones, which has fallen 13.34% over the same period.

After-hours trading for Cisco shares fell by 14.00% following the news.

Cisco is following other important earnings in the Information Technology sector this month

Cisco’s earnings report comes after Apple beat them on April 28th with EPS figures of $1.52 per share on revenues of $97.28B. This compares to Apple forecasts of EPS at $1.42 for revenue of $94.03B.

Microsoft beat all expectations with a third quarter earnings per share of $2.22 on $49.36B in revenue, as compared to the forecast of EPS at $2.19 for $49.02B.

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