Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Cisco Shares Get Boost From 1Q Results

Details

  • Description

    FBN’s Robert Gray on Cisco’s first-quarter earnings results.

  • Duration 0:54
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

I'm Robert -- with your Fox Business breathe.

Better than expected first quarter results are pushing shares of Cisco Systems higher in after hours trading.

Earnings for the company jumped 12% from the same time a year ago.

Revenue rose 6%.

On the flip side -- -- shares are sliding after the act product company cut guidance due to a lack of demand.

The company has seen a delay in contract signing from the likes of China and India that's hurting exports and pricing power for potash and prospects.

And a fiscal -- is a solvable problem.

That's what Treasury Secretary Timothy Geithner says the Wall Street Journal CEO conference but he did not predict whether policy makers will avoid falling off that -- before year's end.

Geithner also said he will play a valuable role until around the inauguration.

That is -- -- from Fox Business giving you the power to prosper.

Load More