Cisco Earnings, Revenue beat in Q1 By

© Reuters.  Arconic weighs $11 billion offer from Apollo: sources

© Reuters. – Cisco (NASDAQ:) reported first quarter that beat analysts’ expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of $0.75 on revenue of $13.07B. Analysts polled by anticipated EPS of $0.72 on revenue of $12.87B. That compared to EPS of $0.61 on revenue of $12.14B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $12.84B in the previous quarter.

For the year, Cisco shares are up 15.74%, outperforming the which is up 0.67% year to date.

Cisco follows other major Technology sector earnings this month

On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.

Microsoft earnings beat analyst’s expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. analysts expected EPS of $0.96 on revenue of $27.88B

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

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