Cisco Forecasts Revenue, Earnings That May Miss Estimates
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Cisco Systems Inc., the largest maker of networking gear, forecast profit and sales that may miss analysts’ estimates amid price pressure in the markets for routers and switches, which direct Internet traffic.
Profit excluding some costs will be 37 cents to 39 cents a share in the fourth fiscal quarter, while sales will be about $10.8 billion to $11.1 billion, San Jose, California-based Cisco said today on a conference call. Analysts on average had predicted profit of 41 cents and sales of $11.6 billion. Cisco slipped in extended trading.