Cisco’s Profit Jumps 86%

Cisco Systems Inc., the biggest maker of equipment to link computers into networks, on Tuesday reported an 86% jump in quarterly profit.

The San Jose-based company earned $337 million, or 48 cents a share, in its fiscal first quarter ended Oct. 25. That was up from a profit of $181 million, or 26 cents, for the same period last year. Sales rose 30%, to $1.87 billion from $1.45 billion.

The profit reflects a charge of $127.2 million in connection with Cisco’s acquisition of Dagaz Technologies Inc. Without special items, Cisco earned $416 million, or 59 cents, slightly above the 58-cents-per-share prediction of analysts.

Cisco reported its results after financial markets closed. Its stock fell $1.31 to close at $83.44 in Nasdaq trading. The company also said its board authorized a 3-for-2 split of stock.

At a Glance:

Los Angeles-based CB Commercial reported a third-quarter net loss, including charges related to its merger with Koll Real Estate Services, of $2.9 million, or 18 cents per share, contrasted with net income of $43.8 million, or $3.11, a year ago.

Palm Desert-based U.S. Filter Corp. reported fiscal second-quarter profit from operations of $24.5 million, or 29 cents per share, compared with $11 million, or 21 cents, a year ago.

Tejon Ranch Co. of Lebec reported third-quarter net income of $1.4 million, or 11 cents per share, compared with $919,000, or 7 cents, a year ago.

Alaris Medical Inc. of San Diego reported third-quarter net income of $1.1 million, or 2 cents per share, contrasted with a net loss of $517,000, or 1 cent, a year ago.