Cisco story updated with executive comments and more information from the company's conference call.
NEW YORK ( TheStreet) -- Cisco (CSCO) shares fell 2.6% in after-hours trading Wednesday after edging Wall Street's third-quarter estimates, as the company continues to refocus operations on its core networking business.
The San Jose, Calif.-based company is trying to turn around its business after a failed attempt to build a consumer brand allowed rivals like HP (HPQ) and Juniper Networks (JNPR) to grab networking market share.
Cisco brought in revenue of $10.9 billion and adjusted earnings of 42 cents a share, compared to $10.4 billion and 42 cents a share during the same period last year. Analysts had forecast sales of $10.86 billion and earnings of 37 cents a share.
--Written by Olivia Oran in New York.
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