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Cisco Systems’ outlook fails to excite Wall Street

Cisco Systems’ outlook fails to excite Wall Street

SAN JOSE — Cisco Systems’ shares fell in after-hours trading Wednesday after the networking-equipment maker gave an earnings and sales outlook that failed to impress Wall Street, taking some of the shine off the company’s upbeat third-quarter results. Cisco said it expects its fourth-quarter earnings, excluding one-time items, to be 68 cents to 70 cents a share, on revenue in a range of $12.62 billion to $12.86 billion. Cisco said that range would mean its sales would rise 4 percent to 6 percent from the same period a year ago. However, Wall Street analysts had forecast Cisco to earn 69 cents a share, on $12.72 billion for its fourth quarter. Since Cisco’s outlook is potentially below analysts’