Earnings

Cisco (CSCO) earnings Q1 2022

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Cisco CEO Chuck Robbins

Manuel Blondeau | AOP.Press | Corbis | Getty Images

Cisco shares tumbled as much as 8% in extended trading on Wednesday after the computer networking company reported quarterly revenue that fell short of analysts’ expectations and issued weaker-than-expected guidance.

Here’s how the company did in its fiscal first quarter:

  • Earnings: 82 cents per share, adjusted, vs. 80 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $12.90 billion, vs. $12.98 billion as expected by analysts, according to Refinitiv.

Cisco said per-share earnings in the fiscal second quarter will be between 80 cents and 82 cents, excluding some items, on 4.5% to 6.5% annualized…



Source cnbc.com

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