Cisco (CSCO) Higher On Solid Q3 Results

Shares of Cisco Systems (Nasdaq: CSCO) are up over 2% in after-hours action Tuesday after the company reported better-than-expected Q3 results.

Cisco reported Q3 EPS of $0.38, 2 cents better than the analyst estimate of $0.36. Revenues for the quarter rose 10% to $9.8 billion, versus the consensus of $9.75 billion.

CEO, John Chambers, said, "In the quarter, Cisco delivered solid financial results driven by our focus on innovation, our broad and growing global footprint, and our teams' focus on delivering results. We believe that our steady performance is based on Cisco's unique balance across business and technology architectures and our continued focus on execution against our long-term strategy."

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