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Salesforce rises after the sales-tracking software giant receives an upgrade from Morgan Stanley on what it sees as a more optimistic long-term risk-reward outlook. ....
Original: Twitter ( TWTR) - Get Report shares sank on Friday after the social media platform posted first-quarter results that beat analysts’ forecasts but also slower user growth than some of its competitors. Twitter reported earnings of $68 million, or 16 cents a share, above the 14 cents a share for the quarter that analysts polled by FactSet had been expecting. Revenue totaled $1.04 billion, up 28% and above analysts’ forecasts of $1 billion. What left analysts “less enthused” was Twitters user growth rate, which grew by 7 million from the fourth quarter to 199 million but still fell shy of forecasts. Twitter’s overall more-moderate sales and earnings growth relative to competitors like Facebook ( ....
Microsoft falls after the computer and software maker posts earnings and sales results that beat expectations yet still fail to impress investors and Wall Street analysts. ....