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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.06

-1.5%

3:59 PM EST

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From: Gottfried	5/15/2013 4:19:48 PM
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"Cisco earnings rise, beating estimates(4:09 pm ET) SAN FRANCISCO (MarketWatch) - Cisco Systems Inc. said Wednesday afternoon that earnings rose more than 14% in its third fiscal quarter, beating Wall Street's projections. For the period ended April 27, Cisco (CSCO: news, chart, profile) reported net income of $2.5 billion, or 46 cents per share, compared to net income of $2.2 billion, or 40 cents per share, for the same period last year. On a non-GAAP basis, the company said it would have earned $2.7 billion, or 51 cents per share, for the recent period. Revenue rose 5% to $12.2 billion. Analysts were expecting adjusted earnings of 49 cents per share on revenue of $12.2 billion, according to FactSet. Cisco shares were up nearly 4% in after-hours trades following the report." marketwatch.com

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