Cisco Systems Inc. announced slightly better than expected earnings results Wednesday and increased its quarterly dividend, but shares still declined a little more than 1% in late trading. The networking giant revealed fiscal second-quarter profit of $2.3 billion, or 47 cents a share, on sales of $11.58 billion. After adjustments for share-based compensation, discontinued businesses and other effects, Cisco claimed earnings of 57 cents a share. Analysts polled by FactSet on average expected Cisco to report adjusted earnings of 56 cents a share on sales of $11.55 billion. The company said it would boost its quarterly dividend to 29 cents from 26 cents, and predicted third-quarter results in line with analysts' forecasts. Shares, which closed with a 1.6% increase at $32.82, slipped to less than $32.50 in after-hours trading following the report's release.
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