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Cisco reports 5% drop in profit

The networking giant reports a 5% drop in third-quarter net income as higher expenses and an acquisition charge hurt profit, but the company posts a 10% jump in revenue..

Related market news:

Cisco reports 5% drop in third-quarter profit
Cisco Systems reports 8% jump in sales, flat net profit
Agilent reports 9% drop in quarterly profit
Applied Materials reports 26% drop in quarterly profit
Tech Stocks: Cisco Systems’ shares continue to set tone in weak tech sector
Cisco shares get lift following earnings report
Cisco expected to see earnings, sales drop
After Hours: Cisco shares decline 6%; Ambac falls after ratings cut
Cisco expected to report 10% rise in third-quater sales
Indications: U.S. stock futures drop as Cisco cuts sales forecast


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