Cisco stock drops 6% after earnings guidance disappoints

2 years ago 322

Earnings Results

Last Updated: Nov. 17, 2021 astatine 8:51 p.m. ET First Published: Nov. 17, 2021 astatine 4:21 p.m. ET

Networking institution reports $3 cardinal successful quarterly nett to bushed expectations, but suggests that the existent 4th volition conflict to unrecorded up to analysts’ net estimates

Cisco Systems Inc.’s banal slipped 6% successful extended trading Wednesday aft the computer-networking institution reported fiscal first-quarter results somewhat supra Wall Street estimates but offered tepid guidance.

Cisco CSCO reported nett income of $3 billion, oregon 70 cents a share, compared with nett income of $2.2 billion, oregon 51 cents a share, successful the year-ago quarter. The company’s adjusted nett income was $3.5 million, oregon 82 cents a share.

Revenue...

Read Entire Article