Cisco Systems (NASDAQ:CSCO) shares gained more than 5% yesterday after the company reported better-than-expected Q2 results and guidance.
Q2 EPS was $0.88, compared to the Street estimate of $0.85. Revenue came in at $13.6 billion, beating the Street estimate of $13.41 billion. The company expects Q3/23 EPS to be in the range of $0.96-$0.98, above the Street estimate of $0.89. Year-over-year revenue growth is seen at 11-13%.
For the full year, the company anticipates EPS in the range of $3.73-$3.78, beating the Street estimate of $3.55. Year-over-year revenue growth is seen at 9%-10.5%.
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