S&P 500
7,507.20
-0.67%
Dow Jones
52,920.00
-0.47%
Nasdaq 100
29,155.20
-2.04%
Russell 2000
2,981.29
-1.24%
FTSE 100
10,671.60
-0.08%
Nikkei 225
67,627.10
-3.76%
Stock Market Live July 7, 2026: S&P 500 (SPY) Drops on Tech Concerns

Apps & Software

Microsoft Calls Positive Environment (MSFT)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Microsoft Corporation (NASDAQ: MSFT) came out with its earnings after the close (only on the website, no press release).  This was record revenues for its first quarter of up about 25% to $16.20 billion.  Operating income, net income and diluted earnings per share for the quarter were $7.12 billion, $5.41 billion and $0.62 EPS.  Thomson Reuters had estimates of $0.55 EPS and $15.8 billion.

Microsoft reaffirms operating expense guidance of $26.9 billion to $27.3 billion for the full year ending June 30, 2011.

The company talked about solid enterprise growth and “continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games.”

Office 2010 revenue grew over 15% in its first full quarter in market.  Here is an important takeaway… “Microsoft continues to see a healthy and sustaining business PC refresh cycle.”  Xbox 360 consoles grew 38%.  The company said that Bing continued to grow market share, while achieving major milestones in implementing Microsoft’s partnership with Yahoo.  The company discussed an improved business demand and adoption.

Microsoft shares closed up 0.88% at $26.28 today, and the stock is up 1.5% at $26.28 in the after-hours session.

JON C. OGG

Contact [email protected] for any questions or corrections.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Paul Ausick |

Microsoft Earnings Got Pounded by Nokia Losses

Microsoft reported mixed fiscal fourth-quarter results after markets closed Tuesday. The newly acquired Nokia business contributed an operating loss of…

Paul Ausick |

Microsoft Earnings Overcome Nokia, Restructuring Costs

Microsoft reported better-than-expected first-quarter fiscal 2015 results after markets closed Thursday.

Paul Ausick |

Microsoft Results Unimpressive

Microsoft Corp. (NASDAQ: MSFT) reported fiscal 2013 first-quarter results after markets closed today. For the quarter, the world’s largest software…

Paul Ausick |

Microsoft Earnings Get Boost From Xbox One, Surface

MicrosoftMicrosoft Corp. (NASDAQ: MSFT) reported second-quarter fiscal 2014 results after markets closed Thursday. The software behemoth reported diluted earnings per share…

Paul Ausick |

Microsoft OEM Sales Saves the Quarter

courtesy of MicrosoftMicrosoft Corp. (NASDAQ: MSFT) reported third fiscal quarter 2014 results after markets closed Thursday. The software behemoth reported…

Douglas A. McIntyre |

Should Microsoft Keep Steve Ballmer?

As Microsoft's revenue reaches the high-water mark in its history, and does so because it has been able to change…

Douglas A. McIntyre |

Short Sellers Flee Microsoft

Short sellers have moved out of Microsoft in droves. Perhaps they believe the turnaround engineered by new CEO Satya Nadella…

Paul Ausick |

Microsoft Company Earnings a Mighty Whiff

courtesy of MicrosoftMicrosoft Corp. (NASDAQ: MSFT) reported fourth-quarter and fiscal-year 2013 results after markets closed today. The software behemoth reported…

Jon C. Ogg |

Microsoft Earnings: Value & Value Trap Alike (MSFT)

Microsoft Corporation (NASDAQ: MSFT) is out with earnings and there is some news that will please bulls and bears alike. …

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 928,323
GoDaddy
GDDY • Vol: 952,775
Cognizant
CTSH • Vol: 6,186,940
Match Group
MTCH • Vol: 2,725,134
Devon Energy
DVN • Vol: 9,975,099

Top Losing Stocks

Teradyne
TER • Vol: 3,814,408
Intel
INTC • Vol: 106,990,107
Generac
GNRC • Vol: 1,301,471
Coterra Energy
CTRA • Vol: 73,319,495
KLA
KLAC • Vol: 10,140,919