Cisco Systems (CSCO) Jumps as Earnings Perk

Cisco Systems Inc. CSCO shares grew 3.3%, to $28.83. The company said its fiscal fourth-quarter earnings rose 3.2% to $2.32 billion, or 45 cents a share, while revenue grew to $12.84 billion from $12.36 billion. On an adjusted basis, the network equipment company earned 59 cents a share. Analysts surveyed by Thomson Reuters had projected earnings of 56 cents a share on revenue of $12.65 billion. Share volume was 53.6 million, compared to an all-day average of 23.3 million