Another Blowout Quarter for Apple

A subscriber to the underpromise-and-overdeliver school of guidance theory, Apple is reknowned for issuing almost comically conservative revenue outlooks and then exceeding them. And this quarter was no different. Reporting earnings after the bell Monday, Apple posted a fiscal first-quarter profit of $3.38 billion on revenue that rose 32 percent to $15.68 billion.

HP Earnings in Line With Guidance

After market close Monday, Hewlett-Packard reported fourth-quarter earnings that were in line with the forecast the company gave earlier this month when it acquired networking equipment maker 3Com.

Microsoft Disappoints…Big Time

Good thing Wall Street wasn’t expecting much from Microsoft. Because it didn’t get it. After market close Thursday, the Redmond, Wash-based tech giant reported that fiscal fourth-quarter net income fell to $3.05 billion, or 34 cents a share, from $4.3 billion, or 46 cents a share, in the same period a year earlier. Revenue for the period ended in June fell 17 percent to $13.1 billion. Microsoft missed Wall Street revenue estimates by $1 billion. Gruesome.
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