Thanks, Kinect! Microsoft Q3 Earnings Soundly Beat the Street, So Will a Stock Rise Finally Follow?

Software giant Microsoft soundly beat Wall Street expectations in its third-quarter earnings released after the markets closed today.

Microsoft said it had revenue of $16.43 billion for the quarter ended Mar. 31, 2011, which was up 13 percent from a year ago. Net income was $5.23 billion, or 61 cents per share, a rise of 36 percent.

MILLICOM INTL CELLULAR MOBILE TELESYSTEMS NANYA TECHNOLOGY NII HOLDINGS NIKON