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Wednesday, November 04, 2009
Cisco Systems Posts Lower Profit, But Beats Views
By Benjamin Pimentel
MarketWatch Pulse
SAN FRANCISCO - Cisco Systems on Wednesday reported a fiscal first quarter profit of $1.8 billion, or 30 cents a share, compared with a profit of $2.2 billion, or 37 cents a share for the year-earlier period. Revenue was $9 billion, down from $10.3 billion for the same quarter last year. Adjusted income was 36 cents a share. Analysts had expected the San Jose, Calif.-based networking-gear maker to report earnings of 31 cents a share, on revenue of $8.75 billion, according to a consensus survey by FactSet Research.
Copyright © 2009 MarketWatch, Inc.
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