Cisco Systems announced its forecast for profit in the fourth quarter, after releasing their third quarter earnings yesterday.The networking company posted an EPS of $0.48 a share on revenue of $11.6 billion which was inline with estimates. This wasn’t horrible news until the company released its fourth quarter outlook on their conference call. Cisco expects to post a fourth quarter EPS in the range of $0.44 to $0.46 a share. They expect revenue to increase 2% to 5% year over year to a range of $11.4 billion to $11.8 billion. This was below what analysts were expecting of an EPS of $0.48 on sales of $12 billion. Now, the company is falling in early trading, down over 8% to $17.24.
