l Street's expectations, a sign the turbulent U.S. economy didn't rattle the world's largest networking equipment maker as hard as expected. The San Jose-based company reported Tuesday it earned US$1.77 billion, or 29 cents per share, during the three months ended April 26. That represents a drop of 5.4 percent from the US$1.87 billion, or 30 cents per share, that Cisco earned during the same period a year ago.
Stripping out 9 cents per share in one-time charges for acquisition and employee stock-based compensation, Cisco earned 38 cents per share. That's 2 cents per share above the average estimate on the same basis from analysts polled by Thomson Financial.
