Cisco Systems Q3 Beats Revenue, Earnings Goals

By | May 14, 2014

Scalper1 News

Cisco Systems stock jumped more than 6% in after-hours trading Wednesday after the computer networking giant posted better-than-expected fiscal third-quarter sales and earnings. It also gave current quarter guidance that was ahead of estimates. The San Jose, Calif.-based company said Q3 sales fell 5.4% to $11.54 billion vs. the $12.2 billion reported in the same quarter last year. But analysts had expected sales to decline 7% to $11.35 billion. Scalper1 News

Scalper1 News