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.
The online auctioneer's shares closed up 13.24% on Thursday.
Riverbed(RVBD) , however, was a major laggard as the company's stock tumbled 23.55% to $21.30 on Friday. The networking specialist fell short of Wall Street's revenue forecast in its first-quarter results, released late on Thursday.
Riverbed was the most active Nasdaq stock in premarket trading on share volume of 1,599,911.
Splunk's shares closed up 108.71% in its public debut.
--Written by James Rogers in New York.
>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.
>To submit a news tip, send an email to: email@example.com.