Mid-Market Update: I mentioned in yesterday’s Mid-Market Update that the king of the penny-beat, Cisco Systems (CSCO, $29.81, down $1.76), was reporting earnings, and it had a slight surprise for Wall Street on Wednesday after the close. The company actually beat estimates by $0.02, and revenue was higher as well. The problem was that the current forecast came in $0.02-$0.04 below expectations.

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