Radar Movers: Microsoft and Amazon Climb Higher, Zynga Surges 13%

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Shares of Microsoft (NASDAQ:MSFT) increased 5 percent in late afternoon hours. Microsoft reported quarterly earnings of 62 cents per share on revenue of $18.53 billion. Analysts only expected Microsoft to earn 54 cents per share on revenue of $17.79 billion. “Our devices and services transformation is progressing and we are launching a wide range of compelling products and experiences this fall for both business and consumers,” said Steve Ballmer, chief executive officer at Microsoft. “Our new commercial services will help us continue to outgrow the enterprise market, and we are seeing lots of consumer excitement for Xbox One, Surface 2 and Surface Pro 2, and the full spectrum of Windows 8.1 and Windows Phone devices.” Microsoft shares are up about 31 percent year-to-date.

MSFT 20131024

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business