Microsoft Surges After Sales, Profit Beat Estimates
October 26th, 2007 by rbanks
Woo Hoo!!
I’ll probably regret being enthused, but what the hell!
“This is a big deal,” said Jane Snorek, a Minneapolis- based analyst at First American Funds, which manages $55 billion in assets, including Microsoft shares. “It will change the sentiment on Microsoft absolutely.”
Net income increased 23 percent to $4.29 billion, or 45 cents a share, beating the 39-cent average of 15 projections in a survey by Bloomberg. Sales advanced 27 percent to $13.8 billion.
“Every division out of their five divisions exceeded expectations,” said Michael Binger, who helps manage $70 billion, including Microsoft shares, at Thrivent Financial for Lutherans in Minneapolis. “Boy, if all companies could do what they just did, it would make my job a whole lot easier.”
Bloomberg.com: U.S.
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