Cisco Lifts Its Forecast as Earnings Top Expectations, Despite Declining Revenue
Cisco Systems(CSCO) Investopedia·2024-11-14 06:50
Cisco Systems (CSCO) reported fiscal first-quarter earnings that exceeded analysts’ expectations and raised its full-year forecast, despite declining revenues. The networking-equipment provider reported first-quarter net income of $2.7 billion or 68 cents per share, down from $3.6 billion or 89 cents per share a year earlier but above analysts' projections. Cisco delivered revenue of $13.8 billion, down 6% year-over-year and roughly in line with the analyst consensus compiled by Visible Alpha. For the seco ...