Cisco Meets Earnings Estimates

Cablevision drops; Costco sinks; plus more of today's stocks in the news

After the market close, Cisco Systems (CSCO ) reported fiscal fourth-quarter earnings per share of 14 cents (GAAP) (vs. 10 cents a year ago), and 15 cents on a pro forma basis (vs. 14 cents a year ago). The pro forma result met analysts' forecast of 15 cents per share. Fourth-quarter revenue was $4.7 billion, down 2.6% from a year ago. And operating cash flow in the quarter came in at $1.55 billion. Cisco shares traded lower in after-hours trading Tuesday.

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