Morgan Stanley MS is scheduled to release second-quarter earnings before Thursday's opening bell and analysts expect the banking company to post earnings of 32 cents a share on revenue of $7.54 billion.Morgan Stanley Must Move Past Facebook, Downgrade
Microsoft MSFT said Windows 8, the upgrade to its operating system, will go on sale Oct. 26. The software is designed to work on both PCs and tablet computers.The software giant also reports quarterly results Thursday and analysts expect Microsoft to post fiscal fourth-quarter earnings of 62 cents a share on revenue of $18.11 billion. The estimates don't take into account a write-down of $6.2 billion related to Microsoft's 2007 acquisition of aQuantive. Is Tesla's Road to Production Rocky?
Other notables reporting earnings Thursday include Dow components Travelers TRV and Verizon Communications VZ .
IBM IBM eased past Wall Street's expectations in its earnings Wednesday but fell short on revenue, mainly because of foreign currency pressures. For the full year, IBM lifted its earnings outlook, saying it now expects a profit of at least $15.10 a share, up from a prior view of $15 a share and ahead of consensus at $15.06 a share. IBM Eases Past Earnings View, Raises Guidance
Internet giant eBay EBAY on Wednesday reported quarterly earnings of 56 cents a share on revenue of $3.39 billion. Analysts were looking for profit of 55 cents a share on revenue of $3.41 billion.eBay saw huge growth in at its PayPal division, which saw revenue rise 26% year over year.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
- 5 High-Tech Summer Energy-Efficiency Boosts for Your Home
- 8 Industrial Stocks With Big Upside Potential
- Investors, Stop Obsessing Over Apple's Chart