IBM, Microsoft Top Targets
Microsoft (MSFT ) says it will pay a 16-cent per share annual dividend, and announced a 2-for-1 stock split. The news followed the software maker's second quarter earnings report after the close of trading on Thursday. Microsoft reported 47 cents second quarter earnings per share, vs. 41 cents earnings per share, excluding charges -- beating analysts' estimates by a penny a share. Revenue rose 10% to $8.54 billion. Looking ahead, the company sees third quarter earnings per share in the range of 47 cents and 48 cents, and fiscal 2003 earnings per share in the range of $1.90 and $1.93.
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