On Wednesday, reported third-quarter net income of $2.8 billion, or $0.65 a share, as revenue declined 8% to $12 billion from $12.96 billion year-over-year. The company also said 95% of its global workforce is working from home amid the coronavirus pandemic. Myles Udland breaks down Cisco’s quarterly results on The Final Round.
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While telemedicine has been a popular field in light of COVID-19, teledentistry company Smile Direct Club was not immune from fielding losses due to the pandemic. The company reported a miss on their first quarter earnings, with sales hitting $196.65 million versus an estimate of $219.52 million. The Final Round panel discusses the numbers.
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