Cisco Systems (US.CSCO) Beats Q3 Earnings Estimates - 19 mai 2022
This quarterly report represents an earnings surprise of 1.16%. A quarter ago, it was expected that this seller of routers, switches, software and services would post earnings of $0.81 per share when it actually produced earnings of $0.84, delivering a surprise of 3.70%. Cisco , which belongs to the Zacks Computer - Networking industry, posted revenues of $12.84 billion for the quarter ended April 2022, missing the Zacks Consensus Estimate by 3.70%. This compares to year-ago revenues of $12.8 billion. The company has topped consensus revenue estimates two times over the last four quarters.
Cisco shares have lost about 20.2% since the beginning of the year versus the S&P 500's decline of -14.2%.
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