Cisco Systems (NASDAQ:CSCO) reported its Q2 earnings results on Wednesday, February 14, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Cisco Systems beat estimated earnings by 3.57%, reporting an EPS of $0.87 versus an estimate of $0.84.

Revenue was down $801.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 9.83% drop in the share price the next day.

Here's a look at Cisco Systems's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Cisco Systems management provided guidance for Q3 2024, expecting earnings between $0.84 and $0.86 per share.

To track all earnings releases for Cisco Systems visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.