Cisco Systems (CSCO) Surpasses Q1 Earnings and Revenue Estimates
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Cisco Systems (CSCO) reported Q1 earnings of $0.91 per share, surpassing the Zacks Consensus Estimate of $0.87. This is a decrease from $1.11 per share a year ago.
November 13, 2024 | 11:30 pm
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Cisco Systems reported Q1 earnings of $0.91 per share, exceeding expectations of $0.87. Despite the beat, earnings are down from $1.11 per share a year ago.
Cisco's earnings beat expectations, which is typically positive for stock prices. However, the year-over-year decline in earnings may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings beat.
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