Inflows to equity funds totaled $6 billion for the week ended Wednesday, with 60% going to growth funds, according to AMG Data Services. International equity funds reported inflows to all regions except Latin America, while inflows to technology & Internet funds continued to slow. Redemptions returned to large-cap equity index funds, for the seventh time in nine weeks. Taxable bond funds reported outflows from all sectors, totaling $1.7 billion.
As reported earlier,
posted third-quarter earnings of 43 cents a share, 2 cents ahead of the 24-analyst estimate and up from the year-ago 35 cents.
Revenue was $5.66 billion, up from $4.6 billion a year ago. In a statement, CFO John Connors said demand for business PCs was light in the most recent quarter and said the company was guarded about near-term growth. Connors said the company expects to post only single-digit profit growth in the fourth-quarter, saying the strong year-ago quarter will be tough to beat.
For more on Microsoft's
earnings, see coverage from
joint newsroom. And for a look at Microsoft's tumble in after-hours trading, see
The Night Watch.
In other postclose news (
earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified
Earnings/revenue reports and previews
said fourth-quarter earnings will fall as much as 30% to 40% below estimates of 52 cents a share, due to weakness in the manufactured housing market. The current five-analyst estimate is for 55 cents a share.
posted a third-quarter loss of 9 cents a share, 2 cents wider than the 13-analyst estimate but narrower than the year-ago loss of 21 cents.
posted fourth-quarter earnings of 22 cents a share, a penny better than the 24-analyst estimate and up from the year-ago 12 cents which includes items.
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Corrections and Clarifications.