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Technology Stocks : Cisco Systems, Inc. - Off-topic postings -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (3)	11/7/2007 5:01:20 PM
From: Lynn	Respond to of 230

CSCO missed analysts by a penny and were just shy of anticipated revenues. That's why it's down after hours: DJ UPDATE: Cisco 1Q Net, Sales Up On Strong Demand >CSCO Source: DJ Date: 04:31 PM 11/07 16:31 DJ UPDATE: Cisco 1Q Net, Sales Up On Strong Demand >CSCO SAN JOSE, Calif. (AP)--Cisco Systems Inc. (CSCO), the world's biggest networking gear maker, said Wednesday its fiscal first-quarter profit jumped 37% on strong demand for its equipment from service providers upgrading their networks. For the quarter that ended Oct. 27, the company earned $2.21 billion, or 35 cents a share, from $1.61 billion, or 26 cents a share, in the same period a year earlier. Adjusted earnings were $2.5 billion, or 40 cents a share, for the latest quarter. Revenue rose to $9.55 billion from $8.18 billion. Analysts, on average, were expecting a profit of 36 cents a share on sales of $9.54 billion, according to a poll by Thomson Financial. The company also had a smaller provision for income taxes during the quarter. "If this market transition continues to unfold as we expect, it has the potential to power Cisco's and the industry's growth for many years to come," said John Chambers, chairman and chief executive, in a statement. Shares fell to $31.04 in after-hours trading from the Wednesday close of $ 32.75.