Cisco Reports Profit, Revenue Just Ahead of Forecasts

15/05/2019 20:09:04 Stock Market

Cisco (NASDAQ:CSCO) reported earnings and revenue that were just ahead of analyst expectations Wednesday.

The company reported fiscal-third-quarter earnings per share of $0.78 on revenue of $12.96 billion. Analysts polled by anticipated EPS of $0.77 on revenue of $12.9 billion. The earnings compared to EPS of $0.66 on revenue of $12.46 billion in the year-ago quarter.

Cisco shares gained 3.43% to trade at $53.24 in after-hours trading following the report after rising 0.8% in regular trading.

Looking ahead, Cisco said it expects a fourth-quarter profit of 80 to 82 cents per share, in line with the consensus of 81 cents per share, according to S&P Capital IQ. The company said it expected fourth-quarter revenue to grow 4.5% to 6.5% year over year.

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