Cisco Systems, Inc. CSCO gained in Wednesday's extended session after the company beat second-quarter expectations and offered an outlook in line with Wall Street's views.
The San Jose, California-based network equipment company changed hands recently at $28.28, up 5 percent.
Cisco posted net income for the recent period of $2.4 billion, or $0.46 a share, compared with $1.4 billion, or $0.27 a share, a year earlier.
Adjusted second-quarter earnings grew 8.9 percent to $0.53 a share, while revenue for the period increased nearly 13 percent to $11.9 billion, from $11.2 billion a year earlier.
Wall Street expected earnings of $0.51 a share on revenue of $11.8 billion.
The company forecast third-quarter adjusted earnings of between $0.51 and $0.53 a share on revenue of $12 billion.
Cisco also boosted its quarterly dividend to $0.21 a share, from $0.19 in the previous period, payable April 22.
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