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  Microsoft Revenues Stronger Than Expected
Time: 09:54 EST/14:54 GMT | News Source: Reuters | Posted By: Robert Stein

In a tale of good news, bad news for the technology sector, Microsoft Corp. (NasdaqNM:MSFT - news) said on Wednesday quarterly revenues would be higher than expected but that it will record a staggering first-ever investment loss of $2.6 billion.

Despite the massive non-cash loss -- which when factored into earnings will eat up almost all the software giant's profits -- the good news of strong revenues won out, sending Microsoft shares shooting up 6 percent after-hours.
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#276 By 4240821 (195.208.3.68) at 11/14/2024 7:49:29 PM
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#279 By 4240821 (195.208.3.68) at 11/15/2024 9:06:36 AM
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#280 By 4240821 (77.246.244.253) at 11/15/2024 10:11:20 AM
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#281 By 4240821 (77.83.4.69) at 11/15/2024 11:19:30 AM
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#282 By 4240821 (80.73.244.53) at 11/15/2024 3:42:47 PM
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#285 By 4240821 (195.208.3.68) at 11/17/2024 1:56:05 AM
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#300 By 4240821 (77.246.244.253) at 11/21/2024 3:52:45 PM
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