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Cisco Q3 Beats Street Estimates on Top, Bottom Lines

Cisco posted first quarter earnings of $0.57 a share on revenue of $12 billion dollars, ahead of Wall Street forecasts.

Cisco (CSCO) posted first quarter earnings of $0.57 a share on revenue of $12 billion dollars. Analysts were looking for profits of $0.55 a share on sales of $11.97 billion. Last year, Cisco earned $0.54 a share on $12.14 billion in sales in the same period. TheStreet's Gregg Greenberg has details from Wall Street.