Earnings report

Jeff Chiu / AP Photo

Microsoft shares slumped more than 3 percent after the company reported a net loss of $3.2 billion in the most recent quarter as it wrote down much of the value of its Nokia acquisition.

Total revenue fell 5 percent in the June quarter, with a 13 percent drop in Microsoft's Devices and Consumer division, which included a steep drop in revenue from Windows due to declining personal computer sales. Revenue in the commercial side of the business was little changed from a year earlier.

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Amazon shares jumped more than 5 percent after the company provided results for its cloud-computing business for the first time and showed it to be more profitable than investors expected.

Profits have long been elusive for Amazon, and the company posted another loss in the most recent quarter. Amazon said it had a net loss of $57 million, or 12 cents a share, in the quarter ended March 31, compared with net income of $108 million, or 23 cents, a year earlier.

But now Amazon has provided financial details for its cloud division, known as Amazon Web Services, that allows businesses to use Amazon’s computers instead of running their own. AWS net sales totaled $1.57 billion, with an operating profit of $265 million.

Ashley Gross / KPLU

Investors are becoming more optimistic about Boeing’s ability to generate cash even as deferred costs continue to mount for the 787 Dreamliner program. 

Boeing shares climbed more than 5 percent after the company reported fourth-quarter net income of $1.47 billion, up 19 percent from a year ago.

Mike Mozart / Flickr

Microsoft’s profit dropped 11 percent in the most recent quarter, partly due to expenses connected to layoffs after the company’s purchase of the Finnish cell phone maker Nokia. 

Jason Brackins / Flickr

Amazon disappointed investors Thursday by posting a bigger loss than expected, sending its shares down 11 percent in after-hours trading.

Ashley Gross / KPLU

Boeing Chief Executive Jim McNerney says he understands that shifting engineering work away from Washington state may be controversial, but he says these moves “strengthen our company, strengthen our engineering capability.”

Over the past year, the Chicago-based aerospace giant has announced several transfers of engineering jobs that affect thousands of Puget Sound-area employees. Most recently, the company said earlier this month that it will move 1,000 engineering positions to southern California as it makes that region the center of customer support for airplanes currently in service.

Jason Howie

Microsoft sales and profit rose less than analysts expected in the most recent quarter as the company continues to struggle with slow adoption of its latest operating system.

Microsoft launched Windows 8 last year, but it was a radical makeover and sales have been disappointing. The company also rolled out its own tablet to compete with Apple’s iPad but that hasn’t sold well and Microsoft wrote off almost a billion dollars in the recent quarter related to tablet inventory. 

Bill Holmes

Nordstrom says profit and sales climbed in the most recent quarter, although earnings came in just below what analysts predicted.

Nordstrom says men’s shoes, men’s apparel and kids’ clothes did especially well. Morningstar analyst Paul Swinand says the company’s also doing well online. He says brick-and-mortar retailers like Nordstrom may have been late to the game but they’re reaping the benefits of e-commerce.

Even as the stock market takes stomach turning plunges this week, it’s still good to be a luxury item retailer.

Seattle’s online diamond jeweler, Blue Nile, put out its second quarter earnings report on Thursday. And though the numbers aren’t dazzling, they’re still on the rise.