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Reuters: Microsoft'S Results Are Expected To Exceed Market Expectations.

2010/10/29 17:42:00 54

Reuters Software Giant Microsoft'S Results Are Expected To Exceed Market Expectations.

  

Reuters

October 29th headlines

Microsoft's results are beyond market expectations.

The full text is summarized below.


  

American software giant

Microsoft Corp reported on Thursday that profits in the past quarter have soared by 51% and exceeded market expectations, thanks to sales growth of flagship products such as Windows and Office software and the latest success of Halo video games.

As a result of this news, Microsoft's stock price rose 2.8% in the after hours trading this Thursday, but the stock price of the company has dropped by 14% since 2010.


Microsoft Corp said in its earnings report that the company achieved a net profit of $5 billion 400 million, or 62 cents per share, in the first quarter of September, while two data grew significantly over the same period in 2009.

In the third quarter of 2009, Microsoft Corp realized a net profit of US $3 billion 600 million, or 40 cents per share.

The results of Microsoft's announcement exceeded the expectations of Wall Street analysts.

According to a previous investigation by Thomson Reuters, analysts expect the average net profit per share of Microsoft to be 55 cents.

In addition, Microsoft realized a profit of $16 billion 200 million in the current period, up 25% from the same period last year, which is higher than the $15 billion 800 million expected by analysts.

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