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Cisco Systems Inc. Q4 adjusted earnings Beat Estimates

Cisco Systems Inc. (CSCO) reported earnings for its fourth quarter that increased from last year.

The company's earnings came in at $2.64 billion, or $0.62 per share. This compares with $2.21 billion, or $0.51 per share, in last year's fourth quarter.

Excluding items, Cisco Systems Inc. reported adjusted earnings of $3.39 billion or $0.80 per share for the period.

Analysts had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.5% to $12.15 billion from $13.43 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q4): $3.39 Bln. vs. $3.59 Bln. last year.
-EPS (Q4): $0.80 vs. $0.83 last year.
-Analysts Estimate: $0.74
-Revenue (Q4): $12.15 Bln vs. $13.43 Bln last year.

Next quarter EPS guidance: $0.69 to $0.71

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