Business

Cisco jumps 7% after reporting its first revenue growth in 2 years

6 monthes ago   |   By

Photo by Jerod Harris/Getty Images for Kairos Society
Cisco 's stock rose early Thursday after reporting upbeat quarterly results.
The company reported revenue growth for the first time in two years.
View Cisco's stock price in real time here.
Shares of Cisco climbed 7% early Thursday after the computer-networking company reported quarterly earnings that beat Wall Street expectations.
The company said revenue rose 3% versus a year ago to $11.9 billion, making for its first growth in two years. This was above analysts' expectations pf $11.81 billion. It reported adjusted earnings of $0.63...
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Amazon is bigger than Microsoft for the first time

Amazon is bigger than Microsoft for the first time

6 monthes ago   |   By

Reuters/Lindsey Wasson
Amazon 's market value passed that of Microsoft for the first time Wednesday.
Amazon is now the third-largest company in the United States.
Shares of Amazon rose 2.57% Wednesday, sending its market value higher than Microsoft for the first time. The e-commerce behemoth is now the third-largest company in the US, behind only Apple and Google parent Alphabet , according to Markets Insider data.
Amazon shares closed Wednesday's session at $1,451, resulting in a market cap of $$602.46 billion - 2.7% larger than Microsoft's $700.56 billion. See the rest of the story at...
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