Cisco reports better-than-expected results and issues optimistic forecast
Cisco Systems(CSCO) CNBC·2024-08-14 20:13
Cisco shares popped 6% in extended trading on Wednesday after the networking company said it's cutting 7% of its global workforce and reported quarterly results that topped analysts' estimates.Here are the key numbers:Earnings: 87 cents per share, adjusted, vs. 85 cents per share estimate, adjusted, according to LSEG.Revenue: $13.64 billion vs. $13.54 billion estimate, according to LSEG.Cisco said in a filing that it's implementing a restructuring plan that will result in $1 billion in pre-tax charges to it ...