Cisco reported non-GAAP earnings of 48 cents a share on revenue of $11.88 billion. A year ago, Cisco earned 43 cents a share on revenue of $11.27 billion.
Analysts surveyed by Thomson Reuters called for earnings of 46 cents a share on revenue of $11.77 billion.
Apple (AAPL - Get Report) shares are slightly lower, off 0.06% to $542.57 as one of its key component suppliers, Samsung, has denied rumors of a 20% price hike. A Samsung official commented to a South Korean newspaper that rumors of a 20% price hike on application processors (AP) are untrue. The anonymous official said prices are set at the start of the year, and changes to the pricing structure are not easy to do. Interested in more on Apple? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull