Microsoft tops Wall St. 1Q earnings view by 6c, stock jumps in afterhours |
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Thu, 25 Oct 2007 21:14
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NEW YORK (Thomson Financial) - Microsoft Corp. Thursday reported first-quarter earnings of $4.29 billion, or 45 cents a share, on revenue of $13.76 billion. The mean estimate of analysts polled by Thomson Financial was for a profit of 39 cents a share in the September period on revenue of $12.57 billion.The Redmond, Wash. software giant said its Client, Microsoft Business Division, and Server and Tools businesses posted combined revenue of more than 20% and that it saw 'robust' demand for its Windows Vista, the 2007 Microsoft Office system, Windows Server, and SQL Server products.The Dow component said it expects operating income of $5.9 billion to $6.1 billion for the December quarter. It sees earnings of 44 to 46 cents a share for its fiscal second quarter on revenue of between $15.6 billion and $16.1 billion.Wall Street's current consensus estimate is for a profit of 44 cents a share in the December period on revenue of $15.64 billion.For the full year, Microsoft forecast earnings of $1.78 to $1.81 a share on revenue of between $58.8 billion and $59.7 billion. It sees operating income of $23.3 billion to $23.7 billion for the fiscal year ending June 30.The current average analysts' view is for a profit of $1.73 a share for the year on revenue of $57.42 billion.The stock was changing hands at $33.55 in afterhours action after closing at $31.99, a gain of about 5%.Michael BaronmbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Riverbed Tech 3Q adj eps match Wall St. view; shares tumble 