Company News: Cisco Systems Inc (CSCO) reported better than expected second fiscal quarter profits

Market news

12 February 2015

Company News: Cisco Systems Inc (CSCO) reported better than expected second fiscal quarter profits

Cisco Systems Inc (CSCO) earned $0.53 per share in the second fiscal quarter, beating analysts' estimate of $0.51. Revenue in the second fiscal quarter increased 7.0% year-over-year to $11.94 billion, exceeding analysts' estimate of $11.80 billion.

The company announced a 10.5% rise in its quarterly dividend to $0.21 per share.

Cisco Systems Inc (CSCO) shares increased to $28.95 (+7.50%) prior to the opening bell.

Company News: Tesla Motors Inc (TSLA) reported weaker than expected fourth quarter profits

U.S.: Retail sales excluding auto, January -0.9% (forecast -0.4%)

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