Cisco Systems Q3 2024 Adj EPS $0.88 Beats $0.82 Estimate, Sales $12.700B Beat $12.531B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems (NASDAQ:CSCO) reported Q3 2024 adjusted EPS of $0.88, beating the estimate of $0.82. Sales were $12.7 billion, surpassing the $12.531 billion estimate but reflecting a 12.84% decrease from the same period last year.
May 15, 2024 | 8:05 pm
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Cisco Systems reported better-than-expected Q3 2024 earnings and sales, with EPS at $0.88 beating the $0.82 estimate and sales at $12.7 billion surpassing the $12.531 billion estimate. However, sales decreased by 12.84% compared to the same period last year.
The better-than-expected EPS and sales figures are likely to have a positive short-term impact on Cisco's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
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