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Cisco Shares Surge After Profit, Sales Top Analyst Estimates

Cisco Systems Inc. shares rose the most in more than nine years after the company’s profit and sales beat analysts’ estimates, the first time in six quarters that the shares gained the day after results.

Cisco rose $2.19, or 16 percent, to $15.92 at 4 p.m. New York time on the Nasdaq Stock Market. The jump was the biggest one-day increase since May 2002, and trimmed the stock’s loss for the year to 21 percent. Cisco was the biggest gainer in the Dow Jones Industrial Average, which rose 4 percent.