Shares of Cisco Systemsjumped 5% after hours Wednesday after the networking giant beat earnings and revenue estimates.
Earnings of 17 cents a share beat estimates by two cents, and revenues of $5.1 billion topped $4.85 billion forecasts.
“We saw strength across our core switching and routing businesses, as well as traction in our advanced technologies,” CEO John Chambers said in a statement. “The service provider and public sector segments in particular continue to be solid markets for our products.”
Also after the close, Qualcommbeat revenue estimates and raised guidance, and Netopiaand Corvisalso beat expectations.
Stocks were mixed during the day ahead of Cisco’s results.
The Nasdaq rose 1 to 1959, the S&P 500 slipped 1 to 1051, and the Dow lost 18 to 9820. Volume declined to 1.36 billion shares on the NYSE, and 2 billion on the Nasdaq. Advancers led 16-15 on the NYSE, and by a few issues on the Nasdaq. Upside volume was 51% on the NYSE, and 53% on the Nasdaq. New highs-new lows were 276-9 on the NYSE, and 312-9 on the Nasdaq.
Pricelineplunged 26% after missing revenue estimates and warning, and InterActiveCorpfell 8% on its results.
Symbol Techrocketed 16% on its results, and National Semirose 4% after raising guidance.
Internet Initiative Japansurged 18% on news that the company will retain its Nasdaq listing.
And Microsoftissued a bounty on virus perpetrators.
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