U.S. Morning Call: Microsoft set for Windows 8 launch
Wednesday, October 24, 2012 - 03:57
Oct 25 - Microsoft is desperate for Windows 8 to grip customers' imaginations, as it looks to regain ground lost to Apple and Google. Procter & Gamble and Aetna both report strong profit.
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Prepare for tech tornado today with Microsoft set to unveil windows eight and quarterly results from Amazon and apple. Here's your morning call for Thursday the software that may decide the future of Microsoft and many other tech companies is finally here. Windows eight will be launched with two plot at an event in New York City today. It's retail release is set for tomorrow. Steve bombers company hopes its touch friendly and revamped system will strike a chord with tech savvy crowds around the world. The company is also unveiling the circus tablet its first foray into computer manufacturing and a direct challenge to Apple's all conquering iPad. Shares of Microsoft trading up near 28 dollars in the premarket. Stay tuned for more coverage of the launch this morning we'll bring you interview with Microsoft CEO Steve -- as well. Meanwhile in Silicon Valley Microsoft's rival apple will be preparing for its earnings call after the bell. Just two days after launching the iPad mini. Analysts polled by start mind expect earnings per share to clock in at eight dollars and 73 cents just -- touch slower than the mean estimate. However 26 of 37 analysts -- since October 15 revise down their average estimates by nearly 3%. So don't be -- surprised if apple misses today. Also expect investors to grilled him -- and his team on sales of iPhone 5. Which many customers are still waiting for shares -- apple trading up two dollars in the premarket to 618. Continuing down the chain of tech rivals. Amazon also reports today and is expected to post and other surging revenue that may say a loss of eight cents a share for the third quarter. The company will also provide guidance for its crucial holiday season. Procter & Gamble posted a quarterly profit and -- earnings coming in just is expected at 96 cents a share. The company also rating raising its guidance for the full year. Had an upper earnings yet Credit Suisse net profit more than half in the third quarter. The Swiss bank will cut extra one point one billion in cost acts more jobs. Credit Suisse has already cut 7% of its workforce. On the other hand reported higher quarterly profits the US health insurance that it now expects a 2012 profit of five dollars and ten cents per share. -- from its forecast a five bucks. The list doesn't end there are some other company out today include Coca-Cola Sprint Nextel and Hershey. Let's take a break for earnings and check -- -- US stock futures they're point to -- at the open. On the macro front US durable goods data on the docket for 8:30 -- I -- -- expects orders have rebounded five point 9% after August steep decline of thirteen point 2%. Also keep an eye and jobless claims data at these numbers will be key I have the November election. -- -- claims trending lower at 370000. For the prior week. Some good news across the pond re -- rebounded shortly from recession in the third quarter. Posting its best quarterly GDP growth in five years. Boosted partly by taking gas Olympics spending. Now for some stocks to watch Zynga finally catching a break. Shares up 15% this morning after quarterly revenue beat -- rock bottom expectations. The company also raised the lower and it's 2012 earnings outlook shares of best buy down 5% premarket. The struggling tech retailer warned that earnings and same store sales would fall for the third quarter. Best -- as head of US business is also making an exit as the chain starts to restructure. Underneath CEO who -- generally. That's all your morning call for Thursday for more news follow us on Twitter at Reuters Insider. And check -- a Reuters YouTube channel at Reuters dot com slash writers TV. I'm Lisa Bernhard this is Reuters.
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