Cisco Earnings, Revenue beat in Q3 By Investing.com

Cisco (NASDAQ:CSCO) reported on Wednesday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Cisco announced earnings per share of $0.83 on revenue of $12.80B. Analysts polled by Investing.com anticipated EPS of $0.8212 on revenue of $12.57B.

Cisco shares are up 17% from the beginning of the year and are trading at $51.73 , down-from-52-week-high.They are outperforming the Nasdaq which is up 3.19% from the start of the year.

Cisco shares lost 1.37% in after-hours trade the report.

Cisco follows other major Technology sector earnings this month

Cisco’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.

Microsoft had beat expectations on April 27 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar