Getting your player ready...
The network-equipment maker said profit fell 5 percent in its fiscal third quarter but beat Wall Street’s expectations.
Cisco reported Tuesday it earned $1.77 billion, or 29 cents per share, during the three months ended April 26. That represents a drop of 5.4 percent from the $1.87 billion, or 30 cents per share, that Cisco earned during the same period a year ago. Sales jumped 10.4 percent to $9.79 billion.
Stripping out 9 cents per share in one-time charges for acquisition and employee stock-based compensation, Cisco earned 38 cents per share.
