Cisco Systems Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Cisco Systems Inc. (CSCO) revealed a profit for its second quarter that climbed from the same period last year.

The company's bottom line came in at $2.9 billion, or $0.68 per share. This compares with $2.8 billion, or $0.63 per share, in last year's second quarter.

Excluding items, Cisco Systems Inc. reported adjusted earnings of $3.3 billion or $0.77 per share for the period.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.2% to $12.0 billion from $12.4 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q2): $3.3 Bln. vs. $3.3 Bln. last year. -EPS (Q2): $0.77 vs. $0.73 last year. -Analysts Estimate: $0.76 -Revenue (Q2): $12.0 Bln vs. $12.4 Bln last year.