Microsoft Beats Street's Expectations With Solid Q3
The pattern of Microsoft announcing solid earnings and revenue and having Wall Street respond with a collective yawn was broken this week, as the software giant beat expectations and saw its stock rise nearly 3 percent. Investors were especially impressed by Microsoft cutting its operating expenses forecast for the year to $28.3 billion to $28.7 billion, where it had earlier forecast $28.5 billion to $28.9 billion. Perhaps all this talk about the "post-PC era" is a bit premature.
Next Slide >
