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Tech Industry

Markets rebound on healthy earnings

Investors' confidence returns after tech bellwethers such as Microsoft and Sun report upbeat earnings following a tumultuous day on Wall Street.

 

  latest developments 

Stock markets rebound and investors' confidence returns after tech bellwethers such as Microsoft and Sun report upbeat earnings following a tumultuous day on Wall Street. Apple, however, falls short of revised estimates as excess inventory weighs heavy.

 


Earnings news electrifies tech sector
update Earnings help jolt the U.S. markets higher as investors applaud reports from tech giants Microsoft and Nokia.

Microsoft shares stronger on news
update The software giant posts a first-quarter profit that beats Wall Street projections by 5 cents per share. Revenue rises to $5.8 billion.

Apple falls short on inventory woes
update The PC maker posts earnings that fall short of lowered expectations and says it will have another disappointing quarter as it tries to burn off excess inventory.

AOL earnings slightly beat expectations
update The Internet bellwether earns 14 cents per share, slightly exceeding Wall Street expectations of 13 cents a share.

Surprise Sun report shows earnings beating estimates
update The company beats analyst expectations by a nickel, reporting net income of 30 cents per share on revenue of $5 billion in results inadvertently posted hours early.