Cisco, NetApp shares advance after hours
Agilent, Applied Materials each issue soft outlooks
LOS ANGELES (MarketWatch) — Cisco Systems Inc. and NetApp Inc. late Wednesday turned in quarterly results that were above Wall Street’s expectations, leading to a climb in shares of the tech companies.
But weak forecasts from Agilent Technologies Inc. and Applied Materials Inc. put pressure on each of their shares.
Cisco (NASDAQ:CSCO) shares rose 5% to $18.20 as the company said fiscal fourth-quarter adjusted earnings were 47 cents a share, which was 2 cents ahead of the consensus estimate from FactSet. Revenue rose to $11.7 billion from $11.2 billion a year ago, with sales in the most recent period above Wall Street’s target of $11.62 billion. http://www.marketwatch.com/story/cisco-limite...atest_news