Investing.com - Cisco reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cisco announced earnings per share of $0.86 on revenue of $13.6B. Analysts polled by Investing.com EPS of $0.84 on revenue of $13.29B.
Cisco 's are down 29% and is trading at $46.00 , still down 30.95% from its 52 week high of $64.29 set on Wednesday, December 29, 2021.
Cisco shares gained 3.63% to trade at $46.00 in after-hours trade the report.
Cisco follows other major Information Technology sector earnings this month
Cisco's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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