Glory Days For Microsoft

January 24, 2008 at 2:40 pm  ·  Category: Market Commentary, Stocks

“And I hope when I get old I don’t sit around thinking about it

but I probably will.

Yeah, just sitting back trying to recapture

a little of the glory of, well time slips away

and leaves you with nothing mister

but boring stories of glory days.”

– Bruce Springsteen, “Glory Days”

For the second quarter in a row, Microsoft (MSFT) delivered in a big way.  Revenues of $16.37 billion and EPS of 50 cents beat analysts expectations ($15.95 billion, 46 cents) and were up 30% and 92%, respectively.

Not only that, but their forecast for the next quarter was in line with analysts estimates and for the full year they forecast revenue between $59.9 billion and $60.5 billion and EPS between $1.85 and $1.89 compared to analyst estimates of $59.4 billion and $1.81 (MSFT FY 2Q Earnings Release).

Microsoft’s shares are up 3-4% in after hours and this report should provide the catalyst for a nice rally in oversold tech tomorrow.

Disclosure: Top Gun has no position in Microsoft (MSFT) shares but is long the Nasdaq-100 (QQQQ), of which Microsoft is a large component.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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