CSCO balance

SAN FRANCISCO (MarketWatch) - Cisco Systems Inc. reported a small decline in net earnings for its second fiscal quarter on Wednesday afternoon, though final results were slightly higher than Wall Street's expectations for the quarter. The network equipment giant /quotes/comstock/15*!csco/quotes/nls/csco (CSCO 21.83, -0.20, -0.91%) reported net income of $1.52 billion, or 27 cents a share, for the period ended Jan. 29. This compares with earnings of $1.85 billion, or 32 cents a share, for the same period the previous year. Earnings on a non-GAAP basis came in at $2.1 billion, or 37 cents per share, for the recent period. Total revenue rose 6% to $10.4 billion. Analysts were expecting earnings of 35 cents a share on revenue of 10.3 billion, according to consensus forecasts from FactSet Research.

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