Microsoft Poised for (another) Knockout Quarter
Microsoft Poised for a Knockout Quarter
04/24/08 - 07:42 AM EDT
After two bang-up earnings reports from Microsoft(MSFT) for fiscal 2008,
investors are looking for Microsoft to make it three for three when it
reports third-quarter earnings after the close of trading on Thursday.
The Redmond, Wash. company raised full-year revenue guidance by as much as
$1 billion in its last quarterly report on the strength of its first fiscal
Jane Snorek, a portfolio manager at First American Funds, which holds
Microsoft shares, expects the software company to beat its own revenue
projections of $14.3 billion to $14.6 billion and report growth of 16%, for
a top line of $14.7 billion. "They're going to have at least a couple
hundred million upside," she predicted.
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