Business & Finance
Cisco forecasts second-quarter profit below expectations
Network-gear maker Cisco Systems Inc on Wednesday forecast second-quarter profit.
The company expects profit o
- Network-gear maker Cisco Systems Inc on Wednesday forecast second-quarter profit.
- The company expects profit on an adjusted basis to be between 75 cents and 77 cents per share in the current quarter.
Network-gear maker Cisco Systems Inc on Wednesday forecast second-quarter profit below estimates, sending its shares down 5%.
The company expects profit on an adjusted basis to be between 75 cents and 77 cents per share in the current quarter, below analysts' average estimate of 79 cents, according to IBES data from Refinitiv.
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