Movers: Cisco Systems, AIG, Sotheby's, First Solar
Cisco Systems (CSCO) posted $0.37 (before $0.03 tax benefit) vs. $0.31 a year ago, first quarter non-GAAP EPS. Revenue rose 16.7% to $9.6 billion - above the company's forecast of $9.45 billion to $9.55 billion. Analysts expected the company to report EPS of 36 cents on revenue of $9.54 billion, according to Thomson Financial. It expects second quarter sales growth of 16% year-over-year. S&P downgrades to hold from buy.
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