Cisco beats on earnings and guidance, lifting stock
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Cisco reported better-than-expected profit and revenue for its fiscal first quarter on Wednesday. The stock rose about 5% in extended trading. Here's how the company did in comparison with consensus estimates from LSEG: Revenue increased 8% from $13.84 billion in the same period a year earlier, Cisco said in a statement . Net income climbed to $2.86 billion, or 72 cents per share, from $2.71 billion, or 68 cents per share, a year ago. It's the fourth straight quarter of growth for Cisco
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