Cisco CSCO reported earnings on Wednesday. The company beat analyst's expectations.
Cisco's first quarter earnings came in at $0.47/share, while analysts had been anticipating only $0.43/share. Revenue for the company came in at $11.50 billion against an estimated $11.23 billion.
The company stated that it had hit its $1 billion cost savings plan a quarter ahead of schedule.
Shares of the company rallied just over 3% in after-hours trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in