Cisco Systems Inc. (NASDAQ: CSCO) published third-quarter results Wednesday after the closing bell, reporting higher earnings and flat revenues.
Third-quarter adjusted earnings rose to $0.87 per share from $0.83 per share in the third quarter of 2021. Experts had predicted a slightly slower growth. Unadjusted net income, including special items, was $3.04 billion or $0.73 per share, up from last year’s profit of $2.86 billion or $0.68 per share.
Third-quarter revenues remained unchanged year-over-year at $12.84 billion and missed analysts’ expectations.
Check this space to read management/analysts’ comments on Cisco’s Q3 earnings
After losing about 23% in the past twelve months, Cisco’s shares closed Wednesday’s session lower. The stock lost further during extended trading soon after the announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Infographic: Key metrics from Estee Lauder’s (EL) Q3 2024 earnings results
The Estee Lauder Companies Inc. (NYSE: EL) reported its third quarter 2024 earnings results today. Net sales were $3.94 billion, up 5% from the prior-year quarter. Organic sales increased 6%.
YUM Earnings: Key quarterly highlights from Yum! Brands’ Q1 2024 financial results
Yum! Brands, Inc. (NYSE: YUM) reported first quarter 2024 earnings results today. Total revenues decreased 3% year-over-year to $1.59 billion. Same-store sales declined 3%. Net income increased 5% to $314
Pfizer (PFE) Q1 2024 Earnings: Key financials and quarterly highlights
Pfizer Inc. (NYSE: PFE) reported first quarter 2024 earnings results today. Revenues decreased 20% year-over-year to $14.8 billion. Reported net income declined 44% to $3.1 billion, or $0.55 per share,
