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Microsoft's third quarter earnings are out as of 10 minutes ago, and revenue is strong - up 13% to
$10.9 billion. The big story is the big miss, however; the company earned only $0.32 a share, or $2.98 billion. That's
a penny off analyst estimates of $0.33. Revenues were up, they say, thanks to business management and database software
sales.The big question on everyone's minds: what difference will a penny make? Not much, it seems, as MSFT is already up 18 cents in after-hours trading. Update: urggh. Investors not so happy anymore. The tide has reversed and now the stock is down $1.35 since market close to $25.75. More later...
[Photo Ron Wurzer/Getty Images]
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