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January 24, 2013
13:56 EDTMSFTEarnings Preview: Windows 8, Surface results in focus when Microsoft reports
Microsoft (MSFT) is scheduled to report Q2 results after the market close on Thursday, January 24, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells software and business services globally and also markets hardware, notably the XBOX and the new Surface tablet... EXPECTATIONS: Analysts are looking for EPS of 75c on revenue of $21.53B, according to First Call. The consensus range for EPS is 66c-82c on revenue of $19.94B-$23.32B... LAST QUARTER: Microsoft reported Q1 adjusted EPS of 65c against estimates for 56c on GAAP revenue of $16.01B against estimates for $16.42B. Microsoft reported Q1 non-GAAP revenue of $17.36B. The company said its Q1 revenue was impacted by a challenging PC market, normal purchasing slowdowns in advance of upcoming product launches and tough economic conditions in Europe... NEWS AND RESEARCH: This Tuesday, CNBC's David Faber reported Microsoft (MSFT) is in talks to invest between $1B-$3B in Dell's (DELL) leveraged buyout, which may be mezzanine financing in the form of preferred shares. On January 15, Facebook (FB) announced that Microsoft's Bing search engine was a partner on its new Graph Search product. During this month, research firm Gartner announced its estimate that worldwide PC shipments declined 4.9% from the prior year to 90.3M units in the fourth quarter of 2012, while IDC estimated that worldwide PC sales fell 6.4% to 89.8M units during the holiday period. Also this month, several analysts have sent downbeat notes on Microsoft to investors. Morgan Stanley downgraded Microsoft to an Equal Weight rating on January 10, citing disappointing Windows 8 sales, continued PC market weakness and margin pressures. More recently, Atlantic Equities lowered its price target on shares to $35 from $39 to reflect the weak start to Windows 8, but maintained its Overweight rating due to valuation. Stifel Nicolaus also said that after reviewing third party data, the firm believes that Windows 8 sales have been weaker than expected, but added it expects Windows 8 sales to rebound in the second half of this year and kept a Buy rating on Microsoft shares... PRICE ACTION: Since the day after last quarter's report, shares of Microsoft have lagged the DJIA significantly. Microsoft has declined over 5% since October 19, while the Dow is up more than 2% over the same time period. However, in afternoon trading ahead of tonight's report, Microsoft is up about 1% to trade near $28.
News For MSFT From The Last 14 Days
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September 30, 2014
08:32 EDTMSFTIron Mountain names Ted MacLean as Chief Marketing Officer
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06:34 EDTMSFTAnalyst says Xbox One hurt by high price in China, China Daily says
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September 29, 2014
09:28 EDTMSFTMicrosoft expected to reveal Windows 9 at Tuesday's press event, BI reports
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06:31 EDTMSFTMicrosoft to open flagship store on Fifth Avenue in NYC, WSJ reports
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06:23 EDTMSFTMicrosoft to release inexpensive notebook solution in 2015, DigiTimes reports
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September 28, 2014
19:53 EDTMSFTMicrosoft's CEO vows to fully cooperate in China's antitrust probe, Reuters says
Satya Nadella, the Microsoft CEO, has vowed to fully cooperate with Chinese regulators in their antitrust probe of the company, Reuters says. Reference Link
September 26, 2014
08:01 EDTMSFTMicrosoft, 21Vianet announce Windows Azure services WebDirect payment in China
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September 25, 2014
06:07 EDTMSFTGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
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September 23, 2014
08:38 EDTMSFTePlus becomes authorized Surface reseller in Microsoft Devices Program
ePlus (PLUS) announced that its subsidiary, ePlus Technology, has joined an exclusive group of partners in the Microsoft Devices Program (MSFT), which allows customers to purchase Surface through authorized resellers. In addition to offering Microsoft's extended warranty and accidental damage, ePlus brings a variety of value-added services to the Surface family, including asset tagging, custom imaging, kitting, onsite service and support, device recycling, and data protection.
07:49 EDTMSFTMicrosoft to launch Xbox One console in China on September 29, Reuters says
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06:00 EDTMSFTFacebook expected to launch new advertising platform, WSJ reports
This week, Facebook (FB) will introduce Atlas, a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reports, citing people familiar with the matter. Atlas is a re-engineered version of the Atlas Advertiser Suite Facebook acquired in 2013 from Microsoft (MSFT). Facebook is looking to challenge Google (GOOG) in the online ad space. Reference Link
September 22, 2014
09:15 EDTMSFTAmazon's Iain Kennedy leaves company for Microsoft, Re/code reports
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September 21, 2014
12:31 EDTMSFTMicrosoft delays China launch of its Xbox One console, Reuters says
Microsoft announced that it has delayed the launch of its Xbox One game console in China, says Reuters. Microsoft, which has recently faced setbacks in China related to anti-trust probe involving its Windows operating system and Microsoft Office, said that it will launch the Xbox One game console in China by the end of the year, added Reuters. Reference Link
September 19, 2014
11:51 EDTMSFTMicrosoft, Intel look to partner with Chinese mobile device makers, Nikkei says
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11:34 EDTMSFTRed Hat falls after Q3 outlook trails consensus
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10:48 EDTMSFTOracle tumbles after Q1 earnings miss estimates, Ellison steps aside as CEO
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08:53 EDTMSFTMicrosoft CEO to visit China, China Daily says
Microsoft CEO Satya Nadella is set to visit Beijing next week, according to China Daily. Nadella's visit comes as China conducts an anti-trust probe of the tech giant. The CEO is likely to visit high-ranking Chinese officials during his time in the country ,the newspaper added. Reference Link
September 18, 2014
12:44 EDTMSFTMicrosoft laying off 2,100 employees today, company tells CNBC
12:37 EDTMSFTMicrosoft lays off 2,100 employees, Seattle Times reports
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05:34 EDTMSFTInfosys expands partnership with Microsoft
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