Sunday, January 26, 2014

Microsoft Earnings Beat Analyst Estimates, Stock Rises 4.4%

<p>Microsoft beat analyst estimates in its second quarter, leading its stock to rise 4.4% in after-hours trading Thursday. Fiscal second-quarter profit rose 3 percent, due mostly to the popularity of Microsoft Office software for businesses.</p><p>The company posted second-quarter earnings of 78 cents per share, and revenue was $24.52 billion. Analysts had expected a profit of 68 cents a share on $23.68 billion in revenue.</p><p>Although it was another weak quarter for Windows, Microsoft said it sold over 7 million Xbox consoles and doubled sales of the Surface tablet, CNBC reports.</p><p>Despite the good news, Microsoft still does not have a leader after the five-month search for a replacement for the retiring Steve Ballmer, which has many investors concerned.</p><p><a href="http://business.time.com/2014/01/23/microsoft-earnings-beat-analyst-estimates-stock-rises-4-4/">Keep reading...</a></p>

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