Cisco stock up on upbeat earnings, revenue growth forecast
SAN JOSE, Calif. (AP) " Shares of Cisco Systems Inc. rose in after-hours trading Wednesday after the internet gear maker reported better-than-expected earnings and forecast revenue growth after two years of decline.The San Jose, California-based company reported fiscal first-quarter profit of $2.39 billion, up from $2.32 billion a year ago.Cisco said its earnings adjusted for non-recurring costs and stock option expense, were 61 cents per share in the latest quarter, beating [...]
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