Cisco reported its fiscal fourth-quarter earnings on Wednesday, with revenues slightly above analyst estimates.
Even so, Cisco’s stock declined nearly 2% in after hours trading on Wednesday.
Here’s are Cisco’s fiscal Q4 results:
- Revenue (GAAP) — $US12.1 billion, down 4% from $12.64 billion in Q4 2016. This is compared to analyst estimates of $US12.07 billion. Cisco projected similar estimates.
- Earnings per share (adjusted) — $US0.61, on the nose of analyst estimates and a penny above’s Cisco’s own forecast.
Get the latest Cisco stock price here.