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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (3664)	5/7/2002 5:25:59 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 6346

story.news.yahoo.com Cisco's profit up more than threefold Tue May 7, 5:12 PM ET Dawn Kawamoto CNET News.com Cisco Systems reported better-than-expected third-quarter earnings performance Tuesday, in part due to cost cutting and improved margins. The company reported a net profit of $729 million, or 10 cents a share, in the quarter, compared with a net loss of $2.7 billion, or 37 cents a share, in the same quarter a year ago. Excluding special charges, Cisco's pro forma profit was $838 million, or 11 cents a share. That was better than Wall Street analysts' expectations of a third-quarter profit of 9 cents a share. Last year, the networking company reported pro forma profits of $230 million, or 3 cents a share. The networking giant generated revenue of $4.8 billion in the third quarter, up 2 percent from $4.73 billion last year. Analysts had forecast revenue of $4.87 billion, according to First Call. ....