Deckers(DECK), on the other hand, is trading up TEN DOLLARS after hours, after demolishing earnings estimates. The maker of UGG boots and Teva sandals reported earnings of $1.37 per share, versus 97cents expected. The company increased earnings guidance for the full year to $9.92, which they will likely clobber. 15x that number, plus cash per share, would be a stock price of $175, which is why shares are trading up.
Shares of AlphaNinja holding Microsoft (MSFT) are down just a few pennies, despite the company beating earnings by 3 cents. They lowered expense guidance for the full year ending June. Windows 7 results were strong, and may get stronger later this year...
“Windows 7 continues to be a growth engine, but we also saw strong growth in other areas like Bing search, Xbox LIVE and our emerging cloud services,” said Peter Klein, chief financial officer at Microsoft. “Our record third-quarter revenue along with continued rigor on cost management resulted in exceptional EPS growth.”
Windows revenue was up 28%, compared with the same quarter a year earlier, driven by strong demand for Windows 7. More than 10% of all PCs worldwide are running Windows 7 today, making Windows 7 by far the fastest-selling operating system in history.
“Business customers are beginning to refresh their desktops and the momentum of Windows 7 continues to be strong,” said Kevin Turner, chief operating officer. “We are also seeing tremendous interest in our market-leading cloud services for business.”
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