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Cisco tops earnings estimates, but shares fall on outlook
Cisco Systems reported fiscal fourth-quarter results that beat analysts' expectations for both earnings and revenue, with the company pointing to strength tied to artificial-intelligence-related products.
Even with the upside versus estimates, Cisco shares declined following the release, reflecting investor reaction to the latest development tied to guidance and the company's near-term outlook.
The move comes as Cisco updates investors on its latest quarterly performance after its fiscal fourth-quarter report.
Yahoo Finance highlighted the earnings and revenue beat, while noting the stock drop that followed the announcement.
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