Market waits for Microsoft earnings
Microsoft, the world's largest software company, will report earnings after the market closes
Monday, with analysts expecting the company to earn 70 cents a share, an increase of 49
percent, for its fiscal first quarter. At least one analyst, George Koo at Burnham Securities,
expects the company beating the consensus estimate, boosted by strong sales of new products.
Koo estimates Microsoft will earn 73 to 74 cents a share. Investors will be paying particular
attention to the results from Redmond, Wash., since another technology bellwether, Intel, fell
short of expectations this week, helping drag down stocks across the tech sector. Microsoft
shares rose 1 1/4 to 133 1/2 in early trading. |
