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Cisco Shares Fall 7% Despite Beating Earnings and Revenue Estimates

The networking giant posted results above analyst expectations but issued a weaker-than-anticipated forecast, prompting a sharp market sell-off.

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Terms & Concepts
  • Earnings Forecast: A projection of a company’s future profits, often influencing investor sentiment and stock price.
  • Revenue Estimate: An analyst or company projection of sales for a specific period, used to gauge performance expectations.