Cisco Systems (CSCO) reported fiscal Q2 non-GAAP earnings late Wednesday of $0.87 per diluted share, down from $0.88 a year earlier.
Analysts polled by Capital IQ expected $0.84.
Revenue for the quarter ended Jan. 27 was $12.79 billion, down from $13.59 billion a year earlier.
Analysts surveyed by Capital IQ expected $12.70 billion.
The company expects fiscal Q3 non-GAAP EPS between $0.84 and $0.86 and revenue between $12.1 billion and $12.3 billion.
Analysts polled by Capital IQ expect $0.92 and $13.1 billion.
The company expects fiscal 2024 non-GAAP EPS of $3.68 to $3.74 and revenue between $51.5 billion and $52.5 billion.
The previous guidance was for non-GAAP EPS between $3.87 and $3.93 and revenue between $53.8 billion and $55.0 billion.
Analysts surveyed by Capital IQ expect $3.87 and $54.47 billion.
The company’s shares were falling past 4% in recent after-hours trading.