Cisco Systems Q1 Adj EPS $1.11 Beats $1.03 Estimate, Sales $14.67B Beat $14.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems reported Q1 adjusted earnings of $1.11 per share, surpassing the $1.03 estimate, a 29.07% increase from last year. Sales reached $14.67B, slightly above the $14.62B estimate, marking a 7.60% increase from the previous year.
November 15, 2023 | 9:06 pm
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POSITIVE IMPACT
Cisco Systems exceeded Q1 earnings and sales estimates, with a significant year-over-year growth in both metrics.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year growth in earnings and consistent sales growth are strong indicators of the company's performance and may lead to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100