STORY STOCKS |
Updated: 19-Apr-13 Brief synopsis and analysis of news items that are affecting the equities market.
Microsoft shares rise 2% following better than expected earnings Microsoft (MSFT $29.46 +0.67) reported third quarter GAAP earnings of $0.72 per share, $0.05 better than the GAAP Capital IQ consensus of $0.67, while GAAP revenues rose 17.7% year/year to $20.49 billion versus the $20.51 billion consensus. The Microsoft Business Division posted $6.32 billion of revenue, an 8% increase from the prior year period. Adjusting for the net recognition of revenue related to the Office Upgrade Offer and Pre-Sales, Microsoft Business Division non-GAAP revenue increased 5%. During the quarter, we launched the new Office, enhancing productivity and the user experience through new mobility, social, and cloud features. The Server & Tools business reported $5.04 billion of revenue, an 11% increase from the prior year period, driven by double-digit percentage revenue growth in SQL Server and System Center. The Windows Division posted revenue of $5.70 billion, a 23% increase from the prior year period. Adjusting for the recognition of revenue related to the Windows...
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whether company issued upside, downside, in-line
or mixed revenue or EPS guidance in this month's
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