Stock Market Alert - First they outbid GOOG in a major deal, and then MSFT crushes their earnings report and trades 10% higher in afterhours trading? Has the momentum shifted? MSFT is currently trading up over 10% in afterhours trading, after closing at $31.99 in the regular session on Thursday. The company announced a net profit of 45 cents per share, easily crushing estimates of between 38-40 cents per share. Revenues easily bested estimates as well, coming in at $13.76 billion dollars, compared to estimates of $12.54 billion dollars. Most importantly for investors, the company raises their full-year earnings estimates to $1.78-$1.81 per share, up from previous estimates of $1.69 - $1.73, plus their also raised their revenue estimates for the year as well. All in all, a very good day for the company, and tomorrow will be a very good day for the tech sector.
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