Cisco Edges Out Quarterly Estimates; Shake Shack Crushes Forecasts

Stocks marched higher in midday trading Thursday with the Dow in sight of an all-time high as the U.S. dollar weakened. Cisco (CSCO) was active after reporting earnings. The tech giant only just edged out profit estimates, while revenue rose more than 5% to a little over $12 billion. Shake Shack (SHAK) surged after reporting its first quarterly results since going public. The burger chain posted a surprise profit, while sales jumped more than 50% from a year earlier. Himax Technologies (HIMX) moved higher in spite of soft second-quarter guidance. Chinese online travel agency Ctrip.com (CTRP) jumped after besting estimates in its quarter.