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Cisco shares fall after earnings and revenue beat

Despite beating analysts' quarterly expectations, Cisco's results did not meet broader Wall Street expectations, sending the stock lower after the report.

Reported · Written up by our desk · Results

Cisco shares fell after the company reported a quarterly earnings and revenue performance that still failed to satisfy investors.

According to CNBC Markets, Cisco’s results topped estimates, but the market reaction indicated the beat was not strong enough relative to Wall Street expectations.

CNBC World said the pullback reflected that, while the headline numbers were better than expected, investors wanted more than the reported quarterly outcome.

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