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Earnings Report

Sprint Shares Rally as 2Q Sales Grow

Sprint posted a wider-than-feared 2Q loss due to the shutdown of its Nextel business and a bigger-than-expected drop in contract subscribers.

Applied Materials Revenue Rises 9.9%

Applied Materials reported a 9.9% rise in quarterly revenue as chipmakers spent more on technology used to make smartphones and memory chips.

Microsoft Books Fiscal Fourth Quarter Beat

Microsoft reported a $3.2 billion quarterly net loss, hurt by charges related to its Nokia phone business and job cuts, and weak demand for its Windows operating system.

Intel Profit Declines but Forecast Tops Views

Intel Corp. said its second-quarter profit fell 3.2%, the latest fallout from a personal-computer slump that is hurting much of the chip sector. But the company also projected far better revenue and margins than analysts had expected for the third quarter, sending shares up 7.8% to $32 in after-hours trading.