Tech Five: Cisco, Salesforce shares surge
Cisco Systems said in August that sales in Asia were flat in the latest quarter and fell 2% for the fiscal year. A pair of tech companies are on the move following quarterly results, while Fitbit could make a move into mobile payments. Shares of the networking giant are up more than 5% in early trading after beating Wall Street estimates for the third quarter. Cisco reported earnings of 57 cents a share off revenue of 12 billion. Analysts polled by S&P Global Market Intelligence projected earnings of 55 cents.
May-19-2016, 14:35:05 GMT
- Country:
- Asia (0.28)
- North America > United States
- New York > New York County > New York City (0.28)
- Industry:
- Information Technology (1.00)
- Banking & Finance > Trading (1.00)
- Technology: