Cisco Systems Jumps Following Its Earnings Release (CSCO)

Shares of Cisco Systems CSCO are trading higher in the after-hours following the release of its Q3 earnings results. Currently, shares are up by 2.59%, at $18.24. They closed the regular session lower by 0.06%, at $17.78. Cisco Systems said that Q3 EPS was $0.42 on revenues of $10.9 billion; revenues increased 5% year over year, while EPS was flat year over year. "This quarter played out as we expected," said John Chambers, chairman and CEO, Cisco. "We have acknowledged our challenges. We know what we have to do. We have a clear game plan, and we are a company with a track record of market-shaping innovation. We thank our shareholders, employees, customers and partners as we transition to the next phase of Cisco." Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry and provide services associated with these products and their use.