Earnings

Cisco (CSCO) earnings Q3 2020

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Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020.

Adam Galica | CNBC

Cisco shares rose as much as 4% and later lost some of their gains in extended  trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings. Revenue dropped 8% from last year’s quarter, steeper than the 4% decline in the prior quarter. 

Here’s how the company did:

  • Earnings: 79 cents per share, adjusted
  • Revenue: $11.98 billion

Analysts polled by Refinitiv had expected 69 cents in adjusted earnings per share on $11.70 billion in revenue for the quarter, which ended on April 25. Comparing results with estimates is not…



Source cnbc.com

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