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Earnings Results: Cisco stock rises as earnings, revenue forecast top Street estimates amid tariffs

Cisco Systems Inc.’s stock rose in the extended session Wednesday after the networking company reported quarterly results that topped Wall Street estimates and a revenue forecast for the end of its fiscal year that exceeded analysts’ consensus amid higher tariffs in the escalating trade war with China.

Cisco CSCO, +0.81% shares rose 3% after hours. For the fourth quarter, Cisco expects adjusted earnings of 80 cents to 82 cents a share on 4.5% to 6.5% year-over-year revenue growth, or $13.21 billion to $13.46 billion. Cisco said the forecast excludes the company’s now-divested Service Provider Video Software Solutions business, which brought in $206 million in the fourth quarter in 2018.

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