News Headline Summary

Cisco (CSCO) Q1 adjusted EPS USD 0.48 vs Exp. USD 0.46

- Q1 revenues USD 11.9bln vs Exp. 11.77bln.
- Q1 net USD 2.1bln.
- Q1 product sales USD 9.297bln.
- Q1 service sales USD 2.579bln.
- Q1 adjusted gross margin 62.7% vs Exp. 61.6%.

CEO Chambers on CNBC:

- Sees commercial markets doing ok and Asia doing well.
- Without US tax changes will buy overseas companies.
- Will invest and expand in Canada.
- We are well positioned for growth.

Reaction details:

- Shares up 1.5% in after-market trade following the Q1 report.

* latest: shares have continued to trade higher in extending hours now up 6%.

Print 21:05, 13 Nov 2012 - US Equities - Source: Newswires