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Microsoft, AMD, Riverbed: Premarket Movers

Written by: James Rogers 04/20/12 - 8:53 AM EDT
Tickers in this article: RVBD EBAY AMD MSFT SPLK

NEW YORK (TheStreet) -- Microsoft(MSFT) was a leader in premarket trading on Friday after the company's better-than-expected third-quarter earnings.

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.

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Shares of Microsoft rose 3.64% to $32.14 on Friday.

AMD(AMD) , which easily beat Wall Street's forecasts in its first-quarter results on Thursday, enjoyed a more modest gain.

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.