Cisco Systems Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Cisco Systems Inc. (CSCO) revealed earnings for its third quarter that increased from last year.

The company's profit totaled $3.0 billion, or $0.69 per share. This compares with $2.7 billion, or $0.56 per share, in last year's third quarter.

Excluding items, Cisco Systems Inc. reported adjusted earnings of $3.5 billion or $0.78 per share for the period.

Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.0% to $13.0 billion from $12.5 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q3): $3.5 Bln. vs. $3.2 Bln. last year. -EPS (Q3): $0.78 vs. $0.66 last year. -Analysts Estimate: $0.77 -Revenue (Q3): $13.0 Bln vs. $12.5 Bln last year.

-Guidance: Next quarter EPS guidance: $0.80 - $0.82