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Cisco Sinks on Weak Revenue Forecast

Stock quotes in this article: CSCO , ALU , NT  

Cisco Systems (CSCO Quote) beat first-quarter earnings estimates, but the company's shares slumped in after-hours trading after the company said second-quarter revenue would fall 5% to 10%.

Shares of Cisco were off 5.1% in recent after-hours trading to $16.50.

The San Jose, Calif., networking giant said it had fiscal first-quarter profit of $2.2 billion, or 37 cents a share, compared with $2.2 billion, or 35 cents, in the year-ago quarter. Cisco blamed the tough spending climate for its flat profit. ...

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