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    NEW YORK-- Visa Inc. (V) reported its second-quarter profit rose 26% to $1.59 billion, or $2.52 a share, from $1.27 billion, or $1.92 a share, a year earlier. Revenue rose to $3.16 billion, up 7% from $2.96 billion a year earlier, the payment processor said Thursday. Analysts had expected earnings of $2.19 a share on revenue of $3.24 billion, according to FactSet.

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    SAN FRANCISCO-- Microsoft Corp. (MSFT) shares rose in the extended session Thursday after the software giant's quarterly profit declined but topped Wall Street estimates. Shares of Microsoft (MSFT) rose 2.8% to $40.97 on very heavy volume after the Redmond, Wash.-based company reported fiscal third-quarter earnings of 68 cents a share on revenue of $20.4 billion. Analysts surveyed by FactSet had forecast 63 cents a share on revenue of $20.39 billion.

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     Baidu  stock is gaining in extended trading after the company reported an increase in earnings and revenue in its first quarter. After the bell, shares added 4.5% to $167.21. Over the three months to March, the Chinese-language search engine earned $407.8 million, or $1.24 a share, a 24.1% year-over-year increase. Revenue jumped 59.1% to $1.53 billion.

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    Amazon.com Inc's (AMZN) revenue grew more than expected for the first quarter, offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce giant branches into new businesses. Revenue rose 23 percent to $19.74 billion in the quarter on the strength of North American sales of electronics and other items.

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    Cirrus Logic Inc (CRUS), a supplier to Apple Inc, forecast current-quarter revenue well above analysts' estimates, helped by strong demand for its audio chips from the iPhone and iPad maker, sending its shares up 4 percent after the bell. Cirrus, which also reported a higher-than-expected profit for the second quarter, gets more than three-quarters of its total revenue from Apple.

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    Satya Nadella's tenure as Microsoft CEO is off to a solid start. Microsoft's (MSFT) profit and sales slipped slightly as the broader PC market continued to decline. Nadella was named CEO in February after overseeing various aspects of the company's corporate software business since 1992.

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    Visa shares are falling, down -1.5% to $206.22 in after-market trading on Thursday following the release of the company's second quarter earnings report.Total operating revenue for the quarter was up 7% over the previous year to $3.16 billion, missing analysts estimates of $3.2 billionNet income for the quarter was $1.6 billion, up 26% from the same period in 2013, or $2.52 per share, a 31% inc...

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    Amazon (AMZN) reported strong quarterly growth Thursday after making several big announcements over the past few months, including the release of its own media streaming device. The growth wasn't a surprise, but shares edged 2% higher on the news. The company earned $108 million, or 23 cents per share, meeting the expectations of analysts polled by Thomson Reuters.

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    Amazon.com Inc (AMZN) reported higher-than-expected revenue growth in the first quarter and boosted its investments in technology, content and warehouses as the e-commerce giant branches out into new businesses. The largest U.S. online retailer got a boost from strong sales of electronics and other items in North America.

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    SAN FRANCISCO-- Apple Inc. (AAPL) had its best day in two years on Thursday as investors hailed solid earnings and a generous capital return program while Zimmer Holdings (ZMH) topped the S&P 500 on a multi-billion buyout deal. Apple Inc. (AAPL) climbed 8.2% to close at $567.77, extending gains from Wednesday's after-hours session after the firm said it would enact a 7- for-1 stock split. The rally is Apple's (AAPL) strongest daily percentage rise since April 25, 2012 when it rose 8.9%.

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    - Visa Inc (V) , the world's largest credit and debit card company, reported a 26 percent rise in quarterly profit as consumers spent more using cards on its network. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, in the second quarter ended March 31 from $1.27 billion, or $1.92 per Class A share, a year earlier.

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    Shares of Amazon (AMZN) surged after the e-commerce giant posted results that were better than expected, as the company continues to be all things to all consumers. For the first-quarter, Amazon (AMZN) earned 23 cents a share on $19.74 billion in revenue, as net sales increased 23% year-over-year.

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    Four major tech companies including Apple (AAPL) and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing on Thursday, which did not spell out terms.

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    Mike Duke, who retired as CEO of Wal-Mart Stores Jan. 31, saw the value of his retirement account jump more than 23% to $140.1 million in his last year at the company. During that same period, Wal-Mart (WMT) shares increased 7%, trailing gains in the broader market.

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    Shares of New York Times Co.  are up 1.17% to $16.81 after the media organization reported 2014 first quarter results. Total revenues were up 2.6%, with advertising revenues up 3.4% and circulation revenues up 2.1%. The Times said it added more net digital subscribers in the first quarter of 2014 than in any quarter in 2013.

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    Clearfield shares are down -22.8% to $16.05 on Thursday following the release of the company's second quarter earnings report.Net income for the quarter was 1.23 million, or 9 cents per diluted share, missing analysts quarterly guidance by 2 cents.The company posted second quarter revenue of 13.21 million, a 26% year over year quarterly increase from 2013.

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     Shares of Cabot Oil & Gas Corporation (COG) are trading higher 5.20% to $38.02 on Thursday after the company released its first quarter 2014 fiscal and operating results. The independent oil and gas company reported its net income increased $107.03 million, or $0.26 per share, an increase from the $42.8 million, or $0.10 per share, it reported during the first quarter of 2013.

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    Shares of Telekom Austria AG (TKMAF) are up 5.12% to $19.50. Carlos Slim, Chairman of American Movil SAB de CV, plans to use the Austria-based telecommunications provider as a base to increase his presence in European telecoms after sealing a deal with the Austrian state to take control of the company, Reuters reports.