Investing.com - Cisco (NASDAQ:CSCO) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.73 on revenue of $12.45B. Analysts polled by Investing.com forecast EPS of $0.72 on revenue of $12.41B. That compared to EPS of $0.63 on revenue of $11.89B in the same period a year earlier. The company had reported EPS of $0.75 on revenue of $13.07B in the previous quarter.
Cisco shares gained 2.72% to trade at $48.79 in after-hours trade following the report.
For the year, Cisco shares are up 9.62%, under-performing the Nasdaq which is up 14.04% year to date.
Cisco follows other major Technology sector earnings this month
On January 30, Facebook reported fourth quarter EPS of $2.38 on revenue of $16.91B, compared to forecasts of EPS of $2.18 on revenue of $16.39B.
Intel earnings beat analyst's expectations on January 24, with fourth quarter EPS of $1.28 on revenue of $18.66B. Investing.com analysts expected EPS of $1.22 on revenue of $19.01B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar