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Microsoft continues to rake it in as 4th qtr earnings numbers are released

“Microsoft announced its 4th quarter earnings for fiscal year 2018 just a few minutes ago, and as expected, the company continues to ride the growth of Azure, the success of Office 365 and now Microsoft 365, and some bounce back on PC sales numbers to mark another quarter of strong earnings results” writes Kip Kniskern for onmsft.com. The numbers are up across the board, with revenue at $30.1B for the quarter, up 17% over Q4 last year. We’ll have more on the earnings as the numbers are filtered and dissected. Source:…

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Microsoft stock adds to gains after strong outlook complements earnings beat

“Microsoft Corp. stock gains accelerated in after-hours trading Thursday, after the tech giant added a strong outlook to quarterly results that topped Wall Street estimates” writes Wallace Witkowski for marketwatch.com. Revenue rose to $30.09 billion from $25.61 billion in the year-ago period, compared with FactSet-polled analysts expecting an average $29.21 billion.On average, analysts polled by FactSet expected adjusted earnings of $1.08 a share.Hood also said the company expects “Intelligent Cloud” revenue of $8.15 billion to $8.35 billion, with Wall Street targeting $8.15 billion; and “Productivity and Business Processes” revenue between…

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Microsoft stock spikes after earnings forecast beats expectations

“In total, that suggests first-quarter revenue of $27.35 billion to $28.05 billion” writes Jeremy C for marketwatch.com. Shares had been up 1% after the company’s fiscal fourth-quarter earnings report showed stronger-than-expected profit and sales.MSFT, -0.68% shares jumped to a 4% gain in after-hours trading Thursday after the tech giant supplied its forecast for the first quarter of the 2019 fiscal year.Analysts on average were projecting revenue of $27.4 billion, according to FactSet. Source: marketwatch.com Share This:

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General Electric 2nd Quarter Earnings: What to Expect

“General Electric (GE), which is set to report second quarter fiscal 2018 earnings results before the opening bell Friday, has tons of questions to answer” writes Richard Saintvilus for nasdaq.com. This compares to the year-ago quarter when earning were 28 cents per share on $29.56 billion in revenue.For the quarter that ended June, Wall Street expects the Boston, Mass.-based company to earn earn 18 cent per share on revenue of $29.39 billion.With aviation, power and renewable energy businesses being the focus of the company, how GE performs in those segments…

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IBM stock on pace for best day since October, though earnings leave doubters

“IBM IBM, +2.66% shares were up 3.2% at noon Eastern time Thursday, following an earnings report released Wednesday afternoon in which IBM posted adjusted earnings of $3.08 a share on revenue of $20 billion” writes Emily Bary for marketwatch.com. Scribner lowered her price target to $150 from $160 following the “OK quarter” and kept her hold rating intact.He rates the stock at market perform with a $150 price target.The average price target is $164.10, 9.5% above current levels.International Business Machines Corp.’s stock is on pace Thursday for its best single-day…

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Shares of eBay drop 9 percent after weak growth, lowered revenue forecast

“We expect eBay shares to revisit recent lows, as the headwinds in StubHub was an unexpected development,” Credit Suisse said” writes Michael Sheetz for cnbc.com. Shares of eBay fell 9 percent in trading Thursday after the company reported sluggish growth in its marketplace business and lowered its revenue forecast for the the rest of the year.The online marketplace reported second-quarter earnings of 53 cents per share, while revenue came in at $10 billion. Shares of eBay were nearly flat for the year before its second-quarter earnings report, up 0.6 percent…

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The S&P 500 is now just 2% from a record and tech earnings could push it over the top

“Recently, United Airlines, Textron, WW Grainger, and CSX all beat and raised guidance (CSX raised revenue guidance)” writes David Paul Morris for cnbc.com. They key will be technology earnings.”The earnings season indicates that the combination of tax cuts and a strong economy are clearly more powerful than trade worries,” Young told me.Tech is 26 percent of the weighting in the S&P 500, and Christine Short from Estimize told me they are looking for 25 percent earnings growth and 15 percent revenue growth in technology alone. Source: cnbc.com Share This:

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JP Morgan says Amazon is a ‘top pick,’ recommends internet giant into its earnings report next week 

“Amazon shares will keep surging even after its stunning rise so far this year, according to J.P. Morgan” writes Lindsey Wasson for cnbc.com. The firm reiterated its overweight rating for Amazon shares, predicting the company will report sales above expectations for its second quarter.The analyst estimates the company will report second-quarter sales of $53.7 billion versus the $53.4 billion Wall Street consensus. Amazon will report its second-quarter earnings results on July 26, according to its website. Source: cnbc.com Share This:

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Dow’s earnings reporters acting as a 20-point drag on the index

“And Travelers Companies Inc.’s stock TRV, -3.09% dropped 2.7% after earnings missed big, but revenue beat, to be about a 24-point drag on the Dow” writes Reporter Editor for marketwatch.com. AXP, -2.64% sank 3.2% in premarket trade, after the credit-card company beat earnings expectations but missed on revenue, which would shave about 21 points off the Dow’s price.International Business Machines Corp.’s stock IBM, +3.79% rallied 2.4% premarket after earnings and revenue beat expectations, which would add about 25 points to the Dow. Combined, those three stock was cut the Dow’s…

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Firmer U.S. dollar boosts corporate interest in currency hedging

“Foreign currency earnings of U.S. multinational companies are worth less in dollars when the currency is stronger” writes Midwest Communications Inc for 95kqds.com. The company, which does not plan to change its stance on currency hedging, will try to move more of its costs offshore, to help create a natural hedge, a Netflix spokesman said.Interest rate differences between countries drive hedging costs, and as the Fed raises interest rates it can become more attractive to hedge.”This will be another wake-up call,” said Wolfgang Koester, chief executive at currency risk consulting…

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