The Active Network
ActiveMac Anonymous | Create a User | Reviews | News | Forums | Advertise  
 

  *  

  Microsoft Shares Up on Fourth Quarter Profit Rumors
Time: 04:55 EST/09:55 GMT | News Source: Associated Press | Posted By: Alex Harris

Microsoft Corp. shares rose almost 6 percent in heavy trade on Wednesday on a rumor that the company would pre-announce that it expects to beat its fourth-quarter forecast, analysts said. But the company declined to comment on the rumors circulating in the markets, saying it has not provided an update to its guidance since reporting results last quarter.

Analysts said they expected Microsoft to beat its own forecast but not to pre-announce that result. Microsoft has a history of reporting higher numbers than expected because its guidance is conservative, they said. Microsoft shares closed at $55.54, up $2.97 on the Nasdaq, making it the third-largest net gainer for the day on Nasdaq. About 68 million shares were traded on the exchange, more than twice the average volume over the past 30 days. "I'm pretty comfortable they're doing better than the consensus forecast," said Robert Austrian of Banc of America Securities.

Write Comment
Return to News

  Displaying 576 through 576 of 576
Prev | First
  The time now is 9:43:23 PM ET.
Any comment problems? E-mail us
#576 By 4240821 (82.115.4.230) at 8/2/2025 9:25:44 AM
https://justpaste.me/ffhs4
https://justpaste.me/fU0d
https://justpaste.me/fThg2
https://justpaste.me/bDU2
https://justpaste.me/dKmY2
https://justpaste.me/eGNY
https://justpaste.me/eWOV1
https://justpaste.me/fKQT
https://justpaste.me/aMRr
https://justpaste.me/dQbv1

Write Comment
Return to News
  Displaying 576 through 576 of 576
Prev | First
  The time now is 9:43:23 PM ET.
Any comment problems? E-mail us
User name and password:

 

  *  
  *   *