Cisco Systems (NASDAQ:CSCO) reported its Q2 earnings results on Wednesday, February 14, 2024 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Cisco Systems beat estimated earnings by 3.57%, reporting an EPS of $0.87 versus an estimate of $0.84.
Revenue was down $801.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 9.83% drop in the share price the next day.
Here’s a look at Cisco Systems’s past performance:
| Quarter | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.03 | 1.06 | 0.97 | 0.85 |
| EPS Actual | 1.11 | 1.14 | 1 | 0.88 |
| Revenue Estimate | 14.62B | 15.05B | 14.39B | 13.43B |
| Revenue Actual | 14.67B | 15.20B | 14.57B | 13.59B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Cisco Systems management provided guidance for Q3 2024, expecting earnings between $0.84 and $0.86 per share.
To track all earnings releases for Cisco Systems visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
