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.

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.

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