SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Cisco Systems Inc. (CSCO) on Wednesday reported fiscal second-quarter profit of $2.43 billion.
On a per-share basis, the San Jose, California-based company said it had profit of 61 cents. Earnings, adjusted for one-time gains and costs, were 94 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The seller of routers, switches, software and services posted revenue of $13.99 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $13.87 billion.
For the current quarter ending in April, Cisco expects its per-share earnings to range from 90 cents to 92 cents.
The company said it expects revenue in the range of $13.9 billion to $14.1 billion for the fiscal third quarter.
Cisco expects full-year earnings in the range of $3.68 to $3.74 per share, with revenue ranging from $56 billion to $56.5 billion.
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