Today 6:40 PM ET (MarketWatch)
By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) -- Microsoft Corp. shares rose in the extended session Thursday after the software giant's quarterly profit declined but topped Wall Street estimates.
Shares of Microsoft (MSFT) rose 3% to $41.06 on very heavy volume after the Redmond, Wash.-based company reported fiscal third-quarter earnings of 68 cents a share on revenue of $20.4 billion.
Analysts surveyed by FactSet had forecast 63 cents a share on revenue of $20.39 billion.
Follow MarketWatch's live blog of Microsoft's conference call.
Shares of Dow component Visa Inc. (V) shares fell 3.9% to $201.26 on moderate volume after fiscal second-quarter revenue fell short of Wall Street estimates. Visa reported quarterly earnings of $2.20 a share on revenue of $3.16 billion. Analysts expected $2.18 a share on revenue of $3.19 billion.
U.S. shares of Baidu Inc. (BIDU) surged 5.5% to $168.56 on heavy volume after first-quarter earnings topped forecasts.
Amazon.com Inc. (AMZN) shares rose 0.2% to $337.73 on heavy volume after the online retailer posted quarterly revenue that topped Wall Street estimates.
Follow Amazon's conference call on MarketWatch's live blog.
Starbucks Corp. (SBUX) shares rose 1.6% to $72.20 on moderate volume after the coffee chain reported fiscal second-quarter earnings of 56 cents a share on revenue of $3.87 billion. Analysts expected 56 cents a share on revenue of $3.96 billion.
Pandora Media Inc. (P) shares dropped 4.6% to $26.90 on heavy volume even after the Internet radio provider posted better first-quarter numbers than Wall Street expected. Their second-quarter outlook may have factored into the share-price drop as Pandora said it expects to break even to 3 cents a share in adjusted profit on revenue of $213 million to $218 million. Analysts expect 5 cents a share on revenue of $218.3 million.
The company raised its outlook for the year to earnings between 14 cents and 18 cents a share on revenue of $880 million to $900 million. Analysts are forecasting 16 cents a share on revenue of $895.7 million.
SunPower Corp. (SPWR) jumped 4.9% to $33.60 on moderate volume.after the solar-power developer scored a big earnings beat.
SunPower reported adjusted first-quarter earnings of 49 cents a share on adjusted revenue of $683.7 million. Analysts estimated 33 cents a share on revenue of $679.5 million.
Shares of Hanesbrands Inc. (HBI) rose 3.7% to $78.25 after adjusted first-quarter earnings topped expectations and the company boosted its profit outlook for the year.
Broadcom Inc. (BRCM) shares declined 3.2% to $30.15 after first-quarter earnings.
Shares of Under Armour Inc. (UA) rose 2.8% to $51.84 on moderate volume after S&P Dow Jones Indices said the company would join the S&P 500 Index on April 30.
More from MarketWatch:
U.S. stocks end choppy session higher
Dunkin' vs. Starbucks shares: Dunkin' has roasted its rival recently
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 24, 2014 18:40 ET (22:40 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
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