Movers: Microsoft, Ingersoll-Rand, T. Rowe Price
Microsoft (MSFT) posted first-quarter EPS of 48 cents, vs. 45 cents one year earlier, on a 9% revenue rise. The company said trends seen late in the first quarter are now forecasted to continue, whereas previous expectations were for the economy to improve in the second half of fiscal 2009. Microsoft sees second-quarter revenue of $17.3-$17.8 billion and EPS of 51-53 cents. It sees fiscal 2009 revenue of $64.9-$66.4 billion and EPS of $2.00-$2.10. Wall Street is looking for $2.11.
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