1 month ago
Stock Market

Cisco Shares Rise on Top and Bottom Line Beats

Investing.com - Investors were cheered by Cisco Systems' (NASDAQ:CSCO) second-quarter results and its guidance, as the stock rose in after-hours

Investing.com - Investors were cheered by Cisco Systems' (NASDAQ:CSCO) second-quarter results and its guidance, as the stock rose in after-hours trading.

Shares of Cisco gained 3.3% postmarket.

The company reported earnings per share of $0.73 on revenue of $12.45 billion. Analysts polled by Investing.com expected EPS of $0.72 on revenue of $12.41 billon.

That compared to EPS of $0.63 on revenue of $11.89 billion in the same period a year earlier.

Looking ahead, Cisco predicts fiscal third-quarter adjusted earnings per share of $0.76 to $0.78, in line with analysts' forecasts, according to Briefing.com. It sees revenue for the quarter growing 4% to 6% year over year.