Microsoft earnings story updated with executive comments from the conference call.NEW YORK ( TheStreet) -- Highlighting strength in its business and entertainment divisions, Microsoft ( MSFT) posted way-better-than-expected second-quarter earnings just before the end of trading Thursday. The software giant posted an adjusted profit of 77 cents per share on sales of $19.95 billion, up from 74 cents EPS on sales of $19 billion in the year-ago quarter. Analysts were expecting EPS of 68 cents and revenue of $19.14 billion.
The firm also reaffirmed its full-year guidance, forecasting $26.9 billion to $27.3 billion for the year ending June 30, 2011. Despite the solid news, Microsoft shares were trading down 0.45% in extended trading Thursday, at $28.74. --Written by Maggie Overfelt in New York. >To follow the writer on Twitter, go to http://twitter.com/maggieoverfelt. >To submit a news tip, send an email to: email@example.com.