Microsoft, AMD, Riverbed: Premarket Movers
The software giant on Thursday reported earnings of 60 cents a share on $17.41 billion in revenue. Analysts polled by Thomson Reuters had expected earnings of 57 cents a share on $17.16 billion in revenue.
Microsoft said that business PC upgrades helped drive Windows revenue. The Redmond, Wash.-based firm cited broad-based growth geographically, noting particular strength in Europe.
Shares of Microsoft rose 3.64% to $32.14 on Friday.
Shares of the No. 2 chipmaker were up 2.01% to $8.13 in premarket trading.
For the second quarter, AMD said it expects revenue to increase 3% sequentially, plus or minus 3 percentage points.