Top Stocks News - (NASDAQ:AMZN,MSFT) Rally Continued
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Dallas, TX 10/27/2009 05:22 AM GMT (TransWorldNews)
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After massive run up of about 27% in previous trading session, today again Amazon.com, Inc. (NASDAQ:AMZN) jumped up 5.14% to closed the day at $124.58 and made a new life time high at $125.68. Friday, Amazon said net income was $199 million, or 45 cents a share, compared to net income of $118 million, or 27 cents a share, for the same period the previous year. Analysts were looking for earnings of 33 cents a share on revenue of $5.02 billion for the quarter.
Microsoft Corporation (NASDAQ:MSFT) also moved up 2.36% to $28.68 following Friday’s rally of over 5.30%.Friday, The Redmond, Washington-based company reported third quarter net income of $3.6 billion, or 40 cents per share, compared with $4.4 billion, or 48 cents per share, in the year-ago period. On average, Wall Street analysts expected a lower profit of 32 cents per share.
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