in extended trading, Cisco's share fall 6%.company said their earning report that they expect they are earning lower than analyst expectation.
here are some points of their earning report
Earnings: analysts expected 82 cents per share but they adjusted 83 cents per share
Revenue:they earned 12.80 billion dollars revenue while analysts expected $12.56 billion. according to guidance, they said 81 to 83 cents in adjusted earnings per share and their revenue growth is 6% to 8% for the fiscal fourth quarter which implies 5.5% growth in the fiscal third quarter Cisco infrastructure platform like sales of networking switch hardware delivered $6.83 billion which is up 6% and above the fact set to estimate the application segment in which web-ex video-calling products include take part $1.43 billion in revenue they are trying to endure supply chain challenges Cisco shares also risen 17% since the start of the year.9% rise for the S&p 500 index over the same period