KQEH Nightly Business Report July 20, 2016
Its eighth straight day of gains and we begin with earnings from microsoft which added to the string of strong results reported by other dow components. Microsofts quarter was powered by the new cloud business. And not by the product it may be guess kn windows. The ceo has shifted the focus amid the slowing pc sales. The dow component earned 69 cents a share, a full 11 cents better than estimates. Revenue also topped expectation although annual revenue fell n since 2009. Cal 2015. Still investors liked what they saw, sending shares higher in initial after hotrading. Josh lipton has more. Repor...