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Stock Market & Financial Investment News

News Breaks
April 18, 2013
14:22 EDTMSFTEarnings Preview: Microsoft seeks to continue rise despite weak PC sales
Microsoft (MSFT) is scheduled to report Q3 results after the market close on Thursday, April 18, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, as well as marketing hardware including the Xbox and the Surface tablet. EXPECTATIONS: Analysts are looking for earnings per share of 68c on revenue of $20.56B, according to First Call. The consensus range for EPS is 64c-73c on revenue of $19.57B-$21.65B. LAST QUARTER: Microsoft reported Q2 EPS of 76c against estimates for 75c on revenue of $21.46B against estimates for $21.53B. The company said at that time that it had sold over 60M Windows 8 licenses to date. Microsoft forecast that for Q3 its product revenue would have "low teens" growth, its enterprise services would have "mid-teens" growth and that its multi-year licensing revenue would grow by "low double-digits" in the quarter. RESEARCH: Last week, research firms International Data Corporation and Gartner both estimated that PC sales declined by double-digits in the first three months of the year, with IDC stating sales fell 14% and Gartner pegging the slide at 11% compared to the prior year. The day after those reports, Nomura analyst Rick Sherlund downgraded the software maker to Neutral from Buy, citing sluggish sales of the Windows 8 operating system and Microsoft's lack of "compelling" new hardware products. Sherlund set a $30 price target on the shares, though he added that Microsoft's investment potential remains attractive for value-oriented buyers. The same day, Goldman Sachs downgraded Microsoft to Sell with a $27 price target, also citing the research from IDC. Since then, Bernstein said it expects Microsoft to report stronger than expected Q3 results, citing the potential benefit from corporate upgrades to Windows 7. Bernstein maintains an Outperform rating on the name. PRICE ACTION: In the last three months, Microsoft shares have gained about 5.7%. In afternoon trading ahead of tonight's report, Microsoft is nearly unchanged from yesterday's close at $28.81.
News For MSFT From The Last 14 Days
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January 23, 2015
11:58 EDTMSFTMicrosoft to acquire Revolution Analytics to aid customers with data analysis
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08:11 EDTMSFTMicrosoft reveals smartphone-controlled "smart scarf," Business Insider says
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08:07 EDTMSFTU.S. tech giants nervous about backlash in Europe, WSJ says
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06:00 EDTMSFTWindows 10 unlikely to bring dramatic changes to mobile market, DigiTimes says
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January 22, 2015
14:26 EDTMSFTTwitter introduces Tweet translation with Bing Translator
Twitter (TWTR) announced that the company has partnered with Bing Translator (MSFT) to provide machine translations of Tweets between more than 40 language pairs. Tweet translation is available on twitter.com, Twitter for iOS, Twitter for Android, and TweetDeck, according to the company's support page about the new feature. Reference Link
12:37 EDTMSFTMicrosoft volatility into Q2 and outlook
Microsoft January weekly call option implied volatility is at 30, February is at 23, March is at 20; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on January 26.
08:01 EDTMSFTSeagate expands collaboration with Super Micro Computer
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06:03 EDTMSFTMicrosoft Windows 10 not a 'material' catalyst, says Jefferies
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January 21, 2015
15:18 EDTMSFTMicrosoft unveils holographic goggle prototype, Wired reports
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12:31 EDTMSFTMicrosoft Cortana to be available on Windows 10 computers, Business Insider says
Microsoft (MSFT) announced at its Windows 10 event that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, Business Insider reports, adding that Cortana will be available across smartphones, PCs and tablets. Reference Link
12:22 EDTMSFTMicrosoft says Windows 8, Windows 7 customers to get free upgrade to Windows 10
This comment was made at the Microsoft Windows 10 Briefing. Reference Link
10:06 EDTMSFTMicrosoft set to test key support, levels to watch
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08:09 EDTMSFTDTS to enhance Starz audio technology on Microsoft's Xbox One
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January 20, 2015
11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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January 16, 2015
09:47 EDTMSFTPolice arrest U.K. man in connection with Sony, Microsoft hack, Bloomberg says
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January 15, 2015
19:46 EDTMSFTMicrosoft's Xbox wins holiday retail fight against PS4, Re/code reports
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15:13 EDTMSFTQihoo 360, Microsoft announce advertising alliance in China, TechWeb says
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07:08 EDTMSFTMicrosoft Windows shipments still growing, says Bernstein
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06:27 EDTMSFTIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
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