Cisco Systems Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Cisco Systems Inc. (CSCO) released a profit for its third 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 $0.65 per share, in last year's third quarter.

Excluding items, Cisco Systems Inc. reported adjusted earnings of $3.5 billion or $0.83 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.7% to $12.8 billion from $12.0 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q3): $3.5 Bln. vs. $3.4 Bln. last year. -EPS (Q3): $0.83 vs. $0.79 last year. -Analysts Estimate: $0.82 -Revenue (Q3): $12.8 Bln vs. $12.0 Bln last year.

-Guidance: Next quarter EPS guidance: $0.80 - $0.83