Cisco Beats Estimates

Action Performance skids after reporting lower earnings; IBM acquires Gluecode Software; plus more of Tuesday's stocks in the news

Cisco (CSCO ) posted 23 cents third-quarter earnings per share excluding special items, vs. 19 cents a year ago, on $6.2 billion in revenue. Sales were up 10% and beat analysts' estimates. Wall Street analysts were expecting the company to post a profit of 22 cents per share on sales of $6.16 billion, according to Thomson Financial.

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