Cisco’s Chairman and CEO Chuck Robbins.
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Cisco shares moved slightly lower in extended trading on Wednesday after the networking hardware company reported earnings that exceeded analysts’ expectations.
Here’s how the company did:
- Earnings: 84 cents per share, adjusted, vs. 82 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $13.13 billion, vs. $13.03 billion as expected by analysts, according to Refinitiv.
Revenue grew about 8% year over year in the fiscal fourth quarter, which ended on July 31, according to a statement. In the previous quarter revenue rose almost 7% on an annualized basis. Gross margin narrowed to 63.6% from…