Cisco Q3 Results Top Estimates

(RTTNews) - Cisco Systems, Inc. (CSCO) reported net income for the third quarter of $2.2 billion or $0.42 per share, compared to $2.5 billion or $0.46 per share for the year-ago quarter.

Excluding items, adjusted net income for the third quarter was $2.6 billion or $0.51 per share, compared to $2.7 billion or $0.51 per share in the prior year quarter.

Revenue for the third quarter fell 5.5% to $11.55 billion from $12.22 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.48 per share on revenue of $11.38 billion for the third quarter. Analysts' estimates typically exclude special items.