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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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September 15, 2014
07:19 EDTMSFTSNIA to hold a conference
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07:08 EDTMSFTMicrosoft could announce Mojang acquisition today, Reuters reports
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September 13, 2014
18:04 EDTMSFTMicrosoft looks to Minecraft to aid its mobile platform, Reuters says
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September 12, 2014
08:05 EDTMSFTRockstar Games says Grand Theft Auto V to launch Nov. 18 for PS4, Xbox One
Rockstar Games (TTWO) announced that Grand Theft Auto V will arrive on the PlayStation 4 (SNE) computer entertainment system and Xbox One, the all-in-one games and entertainment system from Microsoft (MSFT) on November 18, with the PC version to follow on January 27, 2015.
07:19 EDTMSFTConsoles lead video game sales up 8% in August, Bloomberg reports
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September 10, 2014
14:30 EDTMSFTVirnetX rises after court denies Microsoft motion to stay patent suit
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13:15 EDTMSFTMicrosoft to replace Nokia, Windows Phone brands, GeekOnGadgets.com says
Microsoft plans to stop using the "Nokia" and Windows Phone brands from their devices this holiday season, reports GeekOnGadgets.com. Citing a confidential internal Microsoft document, the branding will be replaced by the standard Windows logo alongside the phones. Reference Link
07:23 EDTMSFTMicrosoft coverage assumed with a Buy at MKM Partners
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September 9, 2014
18:38 EDTMSFTMicrosoft in serious talks to acquire Mojang AB for more than $2B, WSJ says
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07:28 EDTMSFTThe Money Event, Inc to hold a conference
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06:54 EDTMSFTChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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06:37 EDTMSFTMicrosoft begins rolling out 'Delve' to Office 365 business customers
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September 8, 2014
09:40 EDTMSFTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
07:34 EDTMSFTU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:37 EDTMSFTBaidu hires Microsoft's Zhang Yaqin, WSJ reports
Baidu (BIDU) has hired Zhang Yaqin, a top Microsoft (MSFT) executive in China, to become its president for new business,t he Wall Street Journal reports. Zhang was Microsoft's VP and chairman of its Asian-Pacific research and development group. Reference Link
06:21 EDTMSFTSmartwatch market to reach $10B by 2018, says Citigroup
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06:08 EDTMSFTMicrosoft gives MSN.com a facelift, Re/code reports
Microsoft has given MSN.com a major facelift a year after MSN was merged with Bing Apps, Re/code reports. The updated MSN will still feature news, sports and cars, but will also include interactive content involving food and fitness. MSN is expected to be fully rolled out by the end of the month, and optimized MSN apps for iOS and Android could be released by the end of hte year. Reference Link
September 5, 2014
06:33 EDTMSFTMicrosoft, competitors aim to halt Google EU agreement, Reuters says
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September 4, 2014
13:56 EDTMSFTGetty Images files lawsuit against Microsoft over photo tool, Reuters reports
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06:30 EDTMSFTIDC: Phablet shipments to pass PCs in 2014, tablets in 2015, DigiTimes reports
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