CORRECTION: Cisco Q2 Sales $12.8B Beats $12.71B Est.
Portfolio Pulse from Benzinga Newsdesk
Cisco reported its Q2 sales at $12.8 billion, surpassing the estimated $12.71 billion. This indicates a positive performance against market expectations.
February 14, 2024 | 9:12 pm
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Cisco's Q2 sales exceeded expectations, reporting $12.8 billion against an estimate of $12.71 billion.
Beating sales estimates typically indicates a company's strong performance and operational efficiency, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100