Shares of Cisco Systems popped in extended trade after the networking company reported better-than-expected quarterly earnings on the back of growth in Asia. Cisco claimed adjusted earnings of 57 cents per share on $12 billion in revenue for its fiscal 2016 third quarter, above the 55 cents per share on $11.97 billion in revenue expected by a Thomson Reuters consensus estimate.
Sales in its Asia Pacific, China and Japan segment rose 10 percent to $1.94 billion even as sales dipped in other regions.
L Brands saw shares slide amid lower-than-expected sales in the latest quarter. The parent company of Victoria's Secret and Bath & Body Works said sales came in at $2.61 billion, just missing the $2.62 billion predicted by Wall Street. Victoria's Secret recently shifted away from the Victoria's Secret catalog, will stop selling swimwear, and will exit apparel outside of its younger-facing Pink label.
L Brands' earnings, though, were 4 cents higher than expected, coming in at 59 cents a share.