Microsoft Profit Exceeds Estimates on Xbox, Windows (Update1) : "Microsoft Corp., the world's largest software maker, posted a second-quarter profit that surpassed analysts' estimates on sales of its Xbox 360 game console and Windows programs for personal computers. The company raised profit and sales targets for the year.
Net income in the period ended Dec. 31 rose 79 percent to $4.71 billion, or 50 cents a share, from $2.63 billion, or 26 cents, a year earlier, the company said in a statement today. That beat the 46-cent average of estimates compiled by Bloomberg. Sales climbed 30 percent to $16.4 billion."
Microsoft (MSFT) is up 9% in after hours trading. As the 3rd largest S&P component, this should secure the longevity of the broader equity bounce...
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