Cisco Systems: Q2 Earnings Insights

Cisco Systems 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.

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.

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).

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.