[Dulin's Books]

Originally Posted by afv011

Microsoft CFO quits as quarterly results fail to sparkle

oh please. you think the CFO is leaving because the quarter was very good?

Microsoft rises on upbeat earnings

Microsoft jumps after earnings. Shares of the personal computer maker is up 3% in pre-market trading off a solid third-quarter earnings report.

Software Sales Bolster Microsoft, Leading to a 19% Rise in Profit

The company’s profit figures exceeded Wall Street estimates and the company’s shares rose 2.7 percent in after-hours trading.

For its fiscal third quarter, which ended March 31, the company reported net income of $6.06 billion, or 72 cents a share, up from $5.11 billion, or 60 cents a share in the same period a year ago.

Revenue rose 18 percent to $20.49 billion from $17.41 billion.

While revenue came in slightly below analysts’ expectations of $20.56 billion, the company beat Wall Street forecasts of 68 cents a share, according to an average estimate compiled by Thomson Reuters.