Microsoft, Amazon shares surge on earnings SAN FR
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Microsoft, Amazon shares surge on earnings
SAN FRANCISCO (MarketWatch) — Shares of Microsoft Corp. and Amazon.com Inc. both surged in the extended session late Thursday after both companies reported better-than-expected results for the third quarter.
Microsoft (NASDAQ:MSFT) shares rallied 5.6% to $35.62 on heavy volume after the company posted fiscal first-quarter earnings of 62 cents a share on revenue of $18.53 billion, compared with the consensus estimate of 54 cents a share on $17.8 billion in revenue.
Amazon (NASDAQ:AMZN) shares jumped 8.3% to $359.60 on heavy volume after the e-commerce giant reported a net loss in-line with consensus estimates but .
Zynga Inc. (NASDAQ:ZNGA) shares surged more than 9% to $3.87 on heavy volume after the social-games maker reported a narrower-than-expected loss for the third quarter on better-than-expected revenue. Zynga also topped on its booking forecasts.
Zynga and Microsoft were the two highest volume trades in the after hours session
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