Microsoft Edges Higher Ahead of Earnings

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Microsoft (MSFT) - Get Report was up 1.1% in midmorning ahead of its third-quarter earnings report, due after the close of trading.

Analysts expect the software giant, a technology bellwether and

Dow

component, to post earnings of 39 cents a share, while revenue should rise 5% to $6.16 billion. The company has a history of meeting or topping forecasts by a penny.

Late Wednesday, Microsoft said it will start selling its Xbox video game console in Europe on March 14 for $430, answering one of the last remaining questions about its strategy for entering the $20 billion global video game industry.