(EMAILWIRE.COM, January 31, 2010 ) Dallas, Tx - Despite Microsoft Corporation (NASDAQ:MSFT), the software giant, reported a strong 60% growth in its profit, its share fell about 3.50% on Friday. Company’s fiscal second quarter net income grew 60% to $6.66 billion, or 74 cents a share, from $4.17 billion, or 47 cents a share, in the corresponding quarter a year ago. Revenue climbed 14% to $19.02 billion.

Netflix, Inc. (NASDAQ:NFLX) shares clearly bucked the trend and its share soared about 27% during the week. Netflix earned $31 million, or 56 cents a share, versus $22.7 million, or 38 cents, in the year-ago period. Excluding stock-based compensation, Netflix earned 59 cents a share in the latest three months. Revenue grew 24% to $444.5 million. Analysts had been expecting profit of 49 cents a share on revenue of $446 million. Netflix projects its First-quarter earnings should be at 47-58 cents a share on revenue of $490 - $496 million.

Chevron Corporation (NYSE:CVX) fell 1.50% on Friday after it posted a 37 percent drop in its fourth-quarter profit, citing higher crude prices. Chevron, the nation's second-largest oil company, reported earnings of $3.1 billion, or $1.53 per share, for the fiscal fourth quarter, compared to $4.9 billion, or $2.44 per share for the same period of 2008. Revenue increased 10.3 percent to $47.6 billion.


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