Cisco (NASDAQ:CSCO) reported third quarter earnings that Beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.78 on revenue of $12.96B. Analysts polled by anticipated EPS of $0.77 on revenue of $12.9B. That compared to EPS of $0.66 on revenue of $12.46B in the same period a year earlier. The company had reported EPS of $0.73 on revenue of $12.45B in the previous quarter.
Cisco shares gained 2.73% to trade at $53.87 in after-hours trade following the report. Cisco follows other major Technology sector earnings this month
On April 24, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Apple earnings Beat analysts' expectations on April 30, with second quarter EPS of $2.46 on revenue of $58.02B. analysts expected EPS of $2.36 on revenue of $57.54B
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