Microsoft Beats Expectations On Strength Of Xbox And Kinect Sales

theflyonthewall.com submits: Microsoft (MSFT) is expected to report Q2 earnings after the market close on Thursday, January 27, with a conference call scheduled for 5:30 pm ET.

Alibaba Group Holding Ltd (NYSE:BABA) reported its third fiscal quarter earnings (3QFY15; ended December 31), before the markets opened today. The company bagged revenues of $4.22 billion in the three-month period, 40% higher than the year-ago quarter, but lower than the Street’s projection of $4.44 billion. Alibaba reported net income (non-GAAP) of $2.1 billion, or 81 cents a share, surpassing the analysts’ consensus estimate of 75 cents.

Macy's, Inc. (M) opened in the green today after the company reaffirmed its full-year guidance as April sales picked up after a harsh winter. The department store that caters to mid and upscale customers also announced its first-quarter results for fiscal year 2014 (1QFY14; ended May 3, 2014). The company managed to beat earnings estimates but fell short on account of revenues for the thirteen-week period.

theflyonthewall.com submits: Symantec (SYMC) is expected to report Q3 earnings after the market close on Wednesday, January 26, with a conference call scheduled for 5 pm ET.

CALGARY — WestJet Airlines Ltd. said Tuesday 2014 had a record fourth-quarter profit, as the number of passengers increased in line with additional fleet capacity and revenue increased about 7% over the year-earlier period. The Calgary-based airline posted a 33.8% increase in fourth-quarter profit, which increased to $90.7 million from $67.8 million in the comparable three-months of 2013. Excluding the impact of selling 10 older aircraft at a loss, WestJet’s adjusted net income was $317.2 million, up from $268.7 million a year earlier.

By Zvi Bar:On Friday, August 3, after the markets closed, Berkshire Hathaway (BRK.B) reported that it earned $3.1 billion net income, or $1.25 per Class B share. Berkshire's revenue grew slightly, from $38.3 billion to $38.5 billion.

By Zvi Bar:On Tuesday, January 17, 2012, before the markets open, Wells Fargo (WFC), the largest U.S. financial based on market capitalization, reported a 20 percent increase in fourth-quarter profit, above most analyst estimates. See a recent WFC performance chart, below: (Click to enlarge)