Investing.com - Cisco (NASDAQ:CSCO) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.83 on revenue of $13.43B. Analysts polled by Investing.com anticipated EPS of $0.81 on revenue of $13.39B. That compared to EPS of $0.7 on revenue of $12.84B in the same period a year earlier. The company had reported EPS of $0.78 on revenue of $12.96B in the previous quarter.
Cisco shares lost 4.21% to trade at $48.48 in after-hours trade following the report.
For the year, Cisco shares are up 16.8%, under-performing the Nasdaq which is up 19.47% year to date.
Cisco follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analyst's expectations on July 30, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.32B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar