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Trade War Pain Comes to Cisco Systems

TheMotleyFool

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Networking hardware provider Cisco Systems (NASDAQ: CSCO) continued its streak of posting solid revenue and earnings growth when it reported its fiscal fourth-quarter results on Wednesday, but management's guidance made it clear that the macroeconomic environment is starting to extract a toll. Cisco's business in China was hammered, and the company's outlook fell short of analysts' expectations.

Cisco topped analysts' expectations, posting solid mid-single-digit percentage revenue growth and double-digit percentage adjusted earnings growth:

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Source Fool.com

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