After the closing bell on Thursday, Microsoft (MSFT) released its third quarter financial results. Here’s what the results mean for mutual fund investors.
Inside MSFT's Results
MSFT reported earnings of $4.99 billion, or 61 cents per share, down from $5.66 billion, or 68 cents per share, last year. Analysts expected to see EPS of 51 cents.
Revenue increased 6% to $21.73 billion from $20.40 billion. Analysts expected to see revenue of $21.06 billion.
Weak PC Market
The weak market for personal computers has resulted in lower profits in the segment for Microsoft. Despite the weakened demand, MSFT has redirected its focus to software and database products.
Microsoft’s better-than-expected results sent shares flying over 8% on Friday.
Mutual Funds to Watch
Investors interested in MSFT may be interested in the funds listed below. These funds currently have the largest stakes in the company.
|VTSMX||Vanguard Total Stock Market Index||1.61%|
|VFINX||Vanguard 500 Index||1.14%|
|DODGX||Dodge & Cox||0.60%|
The Bottom Line
The funds listed above allow investors to gain exposure to MSFT while remaining diversified. Investors interested in MSFT may also be interested in Apple (AAPL) and Google (GOOG).
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