Business Demand Gaining Momentum
Microsoft earned $0.63 a share in its first quarter on revenue of $18.53 billion. Analysts had only expected $0.54 and $17.79 billion, respectively. Strong demand from business customers was the main driver, and MSFT is rallying 6 percent before the opening bell on my tradeMONSTER platform.
Amazon Climbs on Robust Sales
Amazon.com reported a loss of $0.09 a share, as expected, but sales of $17.09 billion exceeded the $16.76 billion consensus estimate. That shows the company well positioned heading into the holiday shopping season, and AMZN is up 8 percent in the premarket.
Career Education Rockets on Divestiture
Career Education announced it would sell its European business to Apax Partners for $305 million. That's more than the company's entire market cap yesterday, and now traders are reacting in a huge way, driving CECO higher by more than 50 percent in early trading.
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