Investing.com - Cisco (NASDAQ:CSCO) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cisco announced earnings per share of $0.84 on revenue of $12.72B. Analysts polled by Investing.com anticipated EPS of $0.8109 on revenue of $12.66B.
Cisco shares are down 14% from the beginning of the year and are trading at $56.56 , down-from-52-week-high.They are under-performing the Nasdaq which is down 9.72% from the start of the year.
Cisco shares gained 4.26% 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 January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.74B.
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