Investing.com - Cisco reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cisco announced earnings per share of $0.82 on revenue of $12.9B. Analysts polled by Investing.com EPS of $0.8046 on revenue of $12.98B.
Cisco 's are up 26% and is trading at $52.54 , still down 5.74% from its 52 week high of $60.27 set on Wednesday, August 25, 2021.
Cisco shares lost 7.52% to trade at $52.54 in after-hours trade the report.
Cisco follows other major Information Technology sector earnings this month
Cisco's report follows an earnings beat by Microsoft on Tuesday, October 26, 2021, who reported EPS of $2.27 on revenue of $45.32B, EPS of $2.08 on revenue of $44B.
Apple had matched expectations on Thursday, October 28, 2021 with fourth quarter EPS of $1.24 on revenue of $83.36B, for EPS of $1.24 on revenue of $85.05B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar