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Bloomberg
Cisco Predicts Profit Squeeze on Higher Supply Costs
(Bloomberg) — Cisco Systems Inc., the biggest maker of computer networking equipment, gave a lukewarm profit forecast for the fiscal year, saying earnings are being squeezed by the higher costs of parts and supply chain challenges that surfaced during the pandemic.Earnings, excluding some items, will be $3.38 to $3.45 a share in the fiscal year ending next July, the San Jose, California-based company said Wednesday in a statement. Analysts, on average, projected $3.41 a share. Revenue will incr
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