Investing.com - Cisco reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cisco announced earnings per share of $0.83 on revenue of $13.1B. Analysts polled by Investing.com EPS of $0.8163 on revenue of $12.73B.
Cisco 's are down 26% and is trading at $48.18 , still down 27.42% from its 52 week high of $64.29 set on Wednesday, December 29, 2021.
Cisco shares gained 3.26% to trade at $48.18 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, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, for EPS of $2.29 on revenue of $52.38B.
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