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…