Cisco Reports Profit, Revenue Just Ahead of Forecasts

15 May 2019

Cisco Reports Profit, Revenue Just Ahead of Forecasts

Cisco (NASDAQ:CSCO) reported earnings and revenue that were just ahead of analyst expectations Wednesday.

The company reported earnings per share of $0.78 on revenue of $12.96 billion. Analysts polled by anticipated EPS of $0.77 on revenue of $12.9 billion. That compared to EPS of $0.66 on revenue of $12.46 billion in the same period a year earlier.

Cisco shares gained 2.73% to trade at $53.87 in after-hours trade following the report.

Looking ahead, Cisco said it expects a fourth-quarter profit of 80 to 82 cents per share, in line with the consensus of 81 cents per share, according to S&P Capital IQ.

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