"Cisco Surpasses Wall Street Estimates Despite Recording 13% Revenue Dip, Steepest in 15 Years; Raises Fiscal 2024 Revenue Guidance Post Splunk Acquisition"

Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years

Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024.Stefan Wermuth | Bloomberg | Getty ImagesCisco reported earnings and revenue for the fiscal third quarter that topped Wall Street's estimates, even with sales dropping from a year earlier. The stock rose as much as 8% in extended trading.Here's how the company did in comparison with LSEG consensus:Earnings per share: 88 cents adjusted vs. 82 c...