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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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