For the fourth quarter, said the networking company?s earnings were $ 1.2 billion, or 22 cents per share, compared with $ 1.9 billion, or 33 cents per share a year ago.
Results in the latest quarter included a total of $ 772 million before tax for the cost of a couple of times over the 6,500 jobs lost during that period. Excluding this charge, Cisco earned 40 cents per share, compared with analysts? forecast of 38 cents per share. Estimates usually exclude one-time costs.
CSCO (Cisco Systems) announced fourth quarter earnings
Many of Cisco?s competitors over the network, has posted declining earnings prospects and smooth. Cisco has worked to reduce spending in the fourth quarter, including the resignation of the previous month to have less fat than the economy overnight.
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Source: http://acurrentworldnews.com/csco-cisco-systems-announced-fourth-quarter-earnings-html
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